Hi SGTM73, I my humble opinion, Lockyer Deep-2 will be a successful gas appraisal well (refer to geological cross section below);
Intersect the Kingia at around the prognosed depth of -4,250m TVDSS, 330m downdip of Lockyer Deep-1.
The Kingia sand will hopefully be gas filled to base; if the indicative free-water-level (gas-water contact) interpreted from Lockyer Deep-1 is correct, it will be gas filled to base.
Net gas pay similar to Lockyer Deep-1, possibly thicker at around ~25m.
Hopefully good quality reservoir in the net pay with high flow potential.
Pressure data collected through the Kingia in Lockyer Deep-2, should validate the indicative free water level interpreted from Lockyer Deep-1 (Free-water-level / gas-water-contact) at 4,560m.
Since 54m of core is planned, this core will provide important reservoir quality information over the gross Kingia interval and possibly some of the High Cliff Sandstone.
Lockyer Deep-2 hopefully will confirm that the greater Lockyer Deep structure at Kingia level, is gas filled at least -4270m.
Although gas and oil shows may be encountered in the shallower Dongara/Wagina, I believe the reservoir quality will be poor (low flow potential).
Kind regards OldGeo
NWE Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held
