PCL 4.17% 2.5¢ pancontinental energy nl

General Thoughts, page-3060

  1. phx
    505 Posts.
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    I know this is not about PCL, but it is about the PCL CEO who sold NWE out to MinRes earlier this year.

    Following appraisal of the L-5 well, a sidetrack was drilled to a gas development well location that reached a total depth of 4,574m measured depth relative to the rotary table (MDRT). The Kingia Sandstone objective was successfully intersected at 4,424m MDRT.

    Petrophysical analysis of Lockyer-5 Sidetrack-1 (ST-1) wireline logs has yielded exceptional results, revealing 27m of net gas pay with an average porosity of 18%. This is the highest quality reservoir encountered in all wells that have intersected the Kingia Sandstone across the onshore Perth Basin
 
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