EPE enterprise energy limited

According to the ann of EPE on 28/9:"Nulla Nulla-1 is programmed...

  1. 1,481 Posts.
    According to the ann of EPE on 28/9:
    "Nulla Nulla-1 is programmed to a total depth (TD) of 2420 metres and will take
    approximately 24 days to drill. The primary objective, the Hutton Sandstone is expected
    at about 1820 metres."

    Presently at "Depth 1852 metres
    Current Operation Drilling ahead in the Birkhead Formation
    Forward Operation Drill ahead to the Hutton Sandstone
    Spud Date 14 th October 2004
    Programmed total depth 2420 metres
    Oil shows commenced at 1812 metres and have persisted down to the current depth. These
    shows are manifested by up to 100% but predominantly 40% to 80% bright yellow to dull orange
    patchy to pin-point fluorescence with a streaming cut and a thin residue ring. Associated with
    this fluorescence are elevated gas values of 2 to 4 times the background value with the gas
    composed of C1 to C5 components.
    The interval of shows consists primarily of claystone and siltstone with only minor fine grained
    sandstone.
    Correlation with the MacKillop # 1 well located 16 km to the east indicates that one of the
    primary targets, the Hutton Sandstone, should be intersected at about 1880 metres.'

    How is it that they are so far out? I may be mistaken but how can you be out by 80 meters and feel confidence in actually hitting a targetted reserviour if your data is so variable

    Could a more experienced oiler comment...and is this the norm?
 
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