Have a busy couple of months coming up. With the drilling of 59 and 138 in October and 430b in November.
59 is particular exciting as we are targeting 8.6m Barrels from a 40m oil column and targeting two layers and most probably the basement as well. A well drilled 4km away encountered uncommercial oil shows from only one layer (looks like that). Success rate is 30% which is much higher than the rate of 430 and we found oil.
The company has always underestimated pre well oil reserves in 330 and 430, so would expect there to be 10's of millions of barrels if we strike oil in 59.
Exciting times ahead. October should be a full on month
- Forums
- ASX - By Stock
- ERH
- re uncoming drilling program
re uncoming drilling program
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)