gas is lighter than water, it migrates up hill along the shale seal, until it hits a fault or a seal and cant migrate anymore.
they seemed to have drilled at the bottom of this dip instead of the top. If there is small gas above the water, the sands that they are tagetting are gas bearing, but everyone knows that teh whole NWS is based on that. They seemed to have drilled at the very bottom of the dip, all they need to do is move updip (uphill) along the sands and drill there. Unless there is no seal and it runs into perseus field. The question is, from the seismic you can see it is downdip where they are targetting. any water will be downdip.... really these geos, overpaid whiskey monkeys.
MEO Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held
