The presence of oil shows from 110m to 925mMD remains
encouraging for the deeper primary objectives. They indicate that
hydrocarbons have migrated to the Valhalla structure.
That is a significant range to have oil shows. To have water shows in only a portion of it is not surprising.
The real test will be as ARC drills down to 2200 to 3500m
valhalla update, page-2
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