These are only some of the positive things announced in relation to the Atzam#5 well and it amazes me that the SP is still in the doldrums. I’ve seen other companies SP rocket when they have announced something as insignificant as Hydrocarbon shows coming to the surface.
Still waiting for that C17 section to be perforated and tested after their report of "strong light oil shows flowing to surface" . Good luck to holders.
Estimate of +200 feet of potential net pay in carbonate sections drilled
Material oil and gas shows continually generated at surface from drilling final carbonate sections (see below), despite heavy mud weight used (9.5lbs) to maintain good hole condition
Interpretation by the Operator of initial logs run down to upper C18 carbonate sections at 3,600 feet indicated multiple potential pay zones starting from the C13 carbonates
Ongoing oil and gas shows to surface from drilling C17 and C18 sections - preliminary log analysis showing high oil saturations (up to ~88%) and primary porosities up to 18%.
Atzam #5 well is currently drilling at 2,907 feet in the producing C17 carbonate section - strong light oil shows flowing to surface with high oil saturation (~80%) in sample porosity testing
- Forums
- ASX - By Stock
- Strong Light Oil flowing
-
- There are more pages in this discussion • 55 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ETR (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.88M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
NEWS
New gold and silver soil anomalies uncovered at Black Range, strengthening exploration potential
RCE
Phase II clinical trial recruitment for R327G topical gel passes halfway, showing promising results against bacterial skin infections
ETR (ASX) Chart |
Day chart unavailable
The Watchlist
EL8
ELEVATE URANIUM LTD
Murray Hill, MD & CEO
Murray Hill
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online