CND 0.00% 3.1¢ condor energy limited

lower target

  1. 822 Posts.
    Target zone is based in Aptian sandstones now predicted to be hit deeper than anticipated. For some time now have been drilling through seal rock.
    Siesmic inaccuracy at upper level promped BKP to mention that any interbedded sandstone between upper and lower target may be hydrocarbon bearing, not that anything has been expected in this zone from the beginning. BKP was just covering itself after the intial exact stated depth of the upper target caused many to sell off when nothing was found at that depth when the hydrocarbons were acually intersected shallower (unfortunately a tight formation, but poss not an issue).
    Stating this has given the feeling that the lower level is unsuccessful when the actual target sandstones which showed the spectral anomoly have yet to be encountered and many have already called this a duster and priced it as such. In reality the thickness and hardness of the seal is positive and I am waiting expectantly for the well to enter the Aptian sandstone target at whatever depth it will be encountered at.
    This well has already intersected hydrocarbons and the lower target has always been the more prospective in the opinion of Mark Fenton


 
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