Great find redcorduroy.
As if you did not need any more reason to be holding CVN. the story get better.
A very interesting report, why?
1, Further evidence of oil in another higher compartment (fault block), good mud losses and oil in the mud pits, it really doesn't get much better than this, other than oil flow on test.
2, The real and unexpected info is the porosity seen in the volcanic tuff, that is material (valuable) as before all the oil was being produced (assumed) from the fracture neck work, if you have matrix porosity and permeability the ultimate recoverable oil is vastly more.
3, We now have an time line to DST results 7 days or so.
Looks as if I might be buying a few more in the morning, hopefully the USA will fall again resulting in some weak holder to sell.
PS I just wish they changed the naming of the wells, to many L44 etc even for different prospect/fields. Dose any one know why they use such bad naming?
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