testing sidi dhaher, page-3

Must agree lachmap GAPS over on ADX is a bit of a serial ramper. But hey you cant blame him for being a little excited we have been waiting 6 months for the flow tests to begin, and now were on the eve week of it happening.

He talked about how over on XST in one of there BRR BROADCASTS. how Gary Jeffries had said that oil had flowed to the surface at SD.

If you listen to this broadcast hes partly right i dont think he used the word flowed to the surface but he does say that oil did come to the surface which was mixed with the mud fluids and mud to drill the well.

He goes on to say Various samples of oil and other rock and chip samples were sent off for analysis and which was later confirmed by the lab, that indeed it was good quality light oil. And the rock was of a permeable nature that could hold a good reservour oil.

He also notes that apart from the main 30M oil column which they think is present that there were many other areas of interst which also had confirmed oil shows and results from these other areas were also returned as oil positive.

So the 30m oil column seems to be the main target but the other areas are also of great interest and so will also be tested along with the 30 m column.

ADX: Sidi Dhaher-1 mean contingent oil in place resource estimate of 51 million barrels

and is derived from the following range of estimates:
-P90 OOIP 13 million barrels
-P50 OOIP 37 million barrels
-P10 OOIP. 110 million barrels"

From memory Recoverable oil is estimated to be in the range of 20 to 40% of the mean 51 million barrels,
which would mean we have in place
somewhere between 10 to 20 million barrels of oil.

Also there are other areas of interst in the Chorbane permit area which they will continue to explore.

Of course all this can only be confirmed if commercial after flow tests. But so far its looking very positive
and

So looks like the long wait is nealy over and all will be revealed shortly.
Even though the flow test will probably take a good few weeks and if proven commercial an extended test programme will then be executed which could be a further several weeks.

But the good news is that we will have initial results after 1 to 2 weeks which should give a good indication whether commercial or not.

Cheers LWR