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1.9¢ triangle energy (global) limited

NWE raging higher we're still snoozing, page-21

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maverick13

289 Posts.

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20/09/17

16:27

Post #: 27347889
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Originally posted by munglinup ↑

From NWE HC site
As per Whitebark Energy's release shortly:

"A CMR-GR logging run (in combination with MDT sampling) is currently being completed.
A second logging run is being undertaken and will provide additional information on the reservoir sections using a tubing conveyed tool".

---------------------------

Explanation of the above terms,

CMR stands for Combinable Magnetic Resonance tool. Helps to 'see' the fluids in the well & also detemines the Permeability, fluid saturation (ie how much is oil, water or gas).

GR stands for Gamma ray. Simply put its used to identify the Reservoir Sands from the Shale & eventually the net oil bearing pay versus the Gross thickness of the Reservoir.

MDT is for Modular formation dynamic testing. Basically the logging tool that take's a fluid sample while applying a pressure pad on the well bore wall. Helps to understand the drawdown (like a syringe filling up), pressure and mobility of fluids at logged intervals.

In short what they an Operator needs is 'movable' oil not residual/dead oil

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Thanks for that post Mungolinup - great explanation of the technical terms.

TEG Price at posting: 18.5¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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