"Initial indications are that the top section of this interval contains gas, with logs suggesting a lower section between 3066’ to 3102’ contains high gravity light oil and a section from 3102’ to 3114’ contains black oil. High gravity oil generally brings the highest market price. This sand, although identified on other well logs, has never been encountered with this thickness in any other well across the Allen Salt Dome."
Hope this clarifies.
GEV Price at posting:
18.0¢ Sentiment: None Disclosure: Held
