Can some one help! Is this a misprint or a miscalculation? first layer:306m to 336m. second layer : 339m to 345m. third layer :400m to 418m. It just doesnt add up to me (Oil shows were recorded over a total of 232 m through three intervals including shows in the deeper Serraria Formation. Electric logs were run on January 11th and preliminary formation evaluation indicates that there are up to three zones that will be the initial focus for production testing. These zones correspond to the intervals where the strongest oil shows were recorded, namely:- • Coqueiro Seco Formation, Morro do Chaves Member Limestones, sandy limestones and sandstones of reservoir quality over the interval 306m to 336m. • Penedo Formation Sandstones of reservoir quality over the interval 339m to 345m • Barra de Itiuba Formation Sandstones of reservoir quality over the interval 400m to 418m)
ERH Price at posting:
23.0¢ Sentiment: LT Buy Disclosure: Held