where we are at

kingpin-Z:

We have stopped drilling 69 meters shy of the original target depth due to the gamma/resistivity logs indications that we are now in the reservior! If we were to continue drilling we would no doubt hit the pocket of water which can be found under any strat of hydrocarbons; this is something you do not want! The logs have identified hydrocarbons within the formation... to what porosity / permeability we do not know if it's commercial... hence we have not an clue whether we can sell it or not! That is why we are running a liner... so we can go in with wireline and get a better look at what is down there, post drilling. Once we have run the liner in about 2 days we will cement, wait for that to dry before then going in with the wireline. This operation will take a couple of days depending on how much of the hole we will log. So to conclude we get back to you when we feel like it. More likely after we have sent the final wireline logs back to town for evaluation by the analysts.