Due to hole conditions, wireline logs could not be acquired over the target interval. Consequently LWD logging tools were run on drill-pipe to acquire the necessary data to assist in the determination of reservoir and fluid properties in the Cattamarra Coal Measure sequence. Preliminary log analysis indicates that the well’s primary objectives, the D and C sands of the Cattamarra Coal Measures, have lower interpreted porosity than expected. The extent of gas pay interpreted from logs, in what is predominately a low porosity sequence, is still being assessed. As previously reported elevated gas readings were recorded while drilling sections of the C & D sands and the significance of these will be evaluated with the final LWD log data when available. Additional detailed log data will be obtained when the LWD tool is recovered from the hole later today. At this stage log analysis has not been performed on the secondary targets in the lower Cattamarra Coal Measures. The company will continue to update the market as and when additional technical data and interpretation is available.
In these circumstances what else could they say? Circumstances beyond their control
have delayed assesments....We are all disappointed , hopefully when they get access to
the data they can cheer us up....
EGO Price at posting:
41.5¢ Sentiment: None Disclosure: Held
