NSE 0.00% 0.4¢ new standard energy limited

trading halt, page-42

  1. Ya
    6,809 Posts.
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    I hope its not another junior frm the ASX. Noticed Apache got onboard Buru in the Canning which surprised a few, so u never know.

    As for Condon #1, if they use K-R#1 as the offset well that WAPET (now Chevron) drilled in 1966, the best zone was between 5528-5591 ft in the Coyrie Sands.

    The DST didn't flow anything except gas-cut rathole mud from 5525-5714 ft TD (deemed tight by WAPET).

    Gas shows were also seen in deeper sands in the
    - Billidee formation (6174'-6605')
    - Moogooloo SSt (6605'-6893')
    - Cordalia Graywacke (6893'-7096').

    Depth r in feet, so convert these to metres to get an idea.

    IMHO, the trick to flow the 'tight sands' is to probably drill under-balanced. That way the Operator has a better chance of letting the well 'kick in'. Hope this helps, all the best chaps.

 
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