AKK 0.00% 0.3¢ austin exploration limited

This Birch 3 well sounds exciting, this is a snippet of some of...

  1. 1,293 Posts.
    This Birch 3 well sounds exciting, this is a snippet of some of the information they have released

    - it includes a 4000 foot horizontal leg into the Austin Chalk formation;

    - the Company believes it may have intersected a large oil reservoir at approximately 10,675 feet as a large gas
    kick produced a 40 foot gas flare whilst 20 barrels of oil were returned to the pits over several hours;

    - large gas kicks with readings reaching as high
    as 5404 units;

    - the nearest well to the Birch #3 Well, the Christico Tharp Unit #1 well, was drilled in 1990 and is approximately 1km away. This well produced approx 117,277 barrels of oil and 1,027,517 MCF ( 1.027Bcf) of gas from the Austin Chalk. The initial signs from the B3 well are that the two wells should have similar production capabilities. Based on the large volumes produced by the Christico well, the Company’s engineering team has replicated the design of this well.

    - when drilling through the Austin Chalk the oil and gas shows were considered so significant that the company
    decided it should produce and deplete the Austin Chalk ahead of exploring the Eagle Ford potential;

    - the initial production rates will be communicated to the market as they become available, lets hope these exceed expectation and are released this week?

    With the Pathfinder wells currently drilling concurrently to the above and results expected in the near future and with a very good management team, its a great opportunity to get into this company at the moment.

    Jw
 
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Currently unlisted public company.

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