Well ... the bets are on.
So far 5 fields drilled .....
3 succesfull (Chinguetti, Banda, Tiof) all Miocene aged deep water turbidite sandstones which were deposited prior to the salt uplift - say 40 million years ago.
2 unsuccesfull (Courbine & Thon) both Cretaceous age deposits.
And Poune ... another Cretaceous adventure.
But ... if Poune comes in then .... whammo SP.
And it may.
It's an upper level Cretaceous play below some Miocene sandstone.
Question is ... has the oil found its way down from the Tertiary Age period deposits into the older Cretaceous Age zone or has the older zone produced its own hydrocarbons?
I'm so excited.
- Forums
- ASX - By Stock
- HDR
- poune drilling update - not time to sell
HDR
hardman resources limited
poune drilling update - not time to sell, page-3
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Currently unlisted public company.
The Watchlist
NUZ
NEURIZON THERAPEUTICS LIMITED
Dr Michael Thurn, CEO & MD
Dr Michael Thurn
CEO & MD
SPONSORED BY The Market Online