stanley 1 vs siphon 1, page-7

Bonus sands for Siphon JV

Wednesday, 21 September 2011

TALISMAN Energy has encountered a previously unknown sand formation while drilling Siphon-1 at PPL 269 in Papua New Guinea, and said the sands could be hydrocarbon bearing.



The Parker Drilling Rig 226 at Siphon-1. Image courtesy of NGE.

The sand interval was found while drilling to the target Toro formation at 3831 metres, with a total depth of 3863m reached.

Logging while drilling found increased resistivity within the Toro formation, indicating the presence of hydrocarbons over a gross interval of about 11m.

Joint venture partner New Guinea Energy said the uncovering of the overlying Elevala sand was �unexpected�, with logs showing a possible 12m gross hydrocarbon interval.

Detailed wireline logging including density-neutron logs, fluid sampling and pressure measurements will be acquired to interpret the significance of the hydrocarbon reads.

Talisman Energy, through subsidiary Talisman Niugini, holds a 50% operating stake in the well while New Guinea Energy holds the remaining 50% through its subsidiary Kirkland.

http://www.pngindustrynews.net/StoryView.asp?StoryID=2489449