This was posted by "geochem" on the ggp thread the bottom part...

This was posted by "geochem" on the ggp thread the bottom part about FP is of interest

Hey Everyone,

It’s a pleasure to meet you all too, and great to be part of such an interactive forum. Below I’ve added some answers to the questions that some of you asked me previously. Sorry for the late reply I’ve been taking field measurements in a fairly remote low reception district.

Plough,

I don’t actually possess any shares in IOG, however the next chance I get to have a brief look I’ll make an evaluation for you.

Acreage,

In the statement of reference the gravity measurement provided correlates with the petroleum surfacing from the Jumonville #4 well, where the porously favourable Huth Sand is the host rock for oil.

Additionally the significance of the 5 oil terminology references you made in your previous comment are listed below:

1) Kerogen – When organic living matter undertakes decomposition, biomolecules such as carbohydrates and proteins dissociate and can potentially recombine in different ways forming high molecular weight (commonly >1000 Daltons in atomic mass) geopolymers (humic acid, fluvic acid, etc) which can recombine under certain depth (pressure) and temperature conditions in the earth’s crust to form Kerogen. Kerogen is hence a complex mixture of hydrocarbons which makes up crude oil.

2) Oil and gas are inherently and genetically related in oil deposits (accept in biogenic cases i.e. when methane gas is respired by bacterial organisms under surface conditions) and hence as a result high gas shows which are revealed before the extraction of oil, are commonly associated with higher concentrations of oil.

3) Mud cuts are segments of drilling fluid whose bulk unpressurised density is reduced due to a volume of gas present which displaces and equivalent volume of fluid. Hence analysis of mud cuts is a low-accuracy measurement of the combustible gases present in a particular well.

4) Refer to (2), high gas contents are typically associated with oil accumulation and deposition.

5) High oil recovery trends from multiple holes indicating a high probability oil zone and elevated profitability.

EMC 2,

Great to be acquainted, the original T.G.R. # 1 well at Fausse Point has been highly prospective, featuring a new play type that was not an original target in this well, and is a large potential hydrocarbon resource. The zone located at 8,370 feet in this well indicates that the reservoir could possibly be connected to a much larger hydrocarbon accumulation, and that this well has only just penetrated the edge of this larger accumulation. Additionally these wells are adjacent to the Fausse Point salt dome (Figure 1), a petroleum trap that has produced over 44 millions barrels of oil and 141 billion cubic feet of gas. Hence due to the fact that the area exhibits well studied hydrocarbon traps, has been known to produce oil and is currently producing from new wells I’d say there is definitely a fairly high chance of further reservoir discovery in the sidetrack well.

Figure 1

http://www.ggpl.com.au/operationsfausse.html

Orionwoo, ULDV8, Quanta and NigyRob, thanks for the comments fellas, it’s great to be acquainted,

Geochem.