hi guyswhats the verdict, has reached total depth..still...

hi guys

whats the verdict, has reached total depth..

still holding...

24th January, 2006
Update on Drilling Activity -
Malolos-1 and Nuevo Malolos-1, SC44, Cebu Island, Philippines
Nuevo Malolos 1 Daily Status Report (Day 28)
Time of report: 6 am (Philippines = GMT + 8), 24th January 2006
Current depth: 6,381 ft ( 1,945 m) – Final depth
Current operation: Pulling out of hole, laying down pipe
Forward operation: Running 7” casing, test
Comment: The log analysis to date confirmed the presence of significant amounts of
hydrocarbons in the well. This is consistent with the gas chromatography
results recorded during drilling.
The log data suggests that none of the sands present over the interval 2,400
ft (732 m) (casing shoe) to 6,381 ft (1,945 m) contain water.
The hydrocarbon bearing sands are distributed over 3,981 ft (1,213 m). The
sands are contained in 5 major interbedded sand sequences of between 50
and 100 ft thickness.
Core analysis confirms the presence of high porosity and permeability
sands.
The Toledo sands encountered from 5,525 ft onwards are highly attractive
as they are more likely to contain a higher proportion of potential reservoir
section. Furthermore, they may contain condensate whose content
increases with depth. This is supported by core analysis of the Maingit core
from 2,759 to 2,769 ft which revealed the presence of a light oil/condensate
as a small fraction alongside gas.
In view of the above and the caving problems (shales are caving) that have
been encountered during drilling the well is now being cased to TD. A
Toledo sand will be perforated and tested through casing.
Analysis of all data collected from the well continues with a view to develop
estimates of volumes of hydrocarbon in place.