George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Nearby is horseshoe 1.2bn barrels.
What’s the meaning of increased logging while drilling resisitivity ?
https://www.asx.com.au/asxpdf/20190304/pdf/4435yj6r1r98gm.pdf
Could this be similar data to Horseshoe??
The Winx-1 exploration well intersected the primary Nanushuk topset targets between 4,667’ and 4,901’. Elevated mud gas readings, oil shows and an increase in LWD resistivity were observed in multiple topset features within this primary target interval of the well.
Data obtained by the Joint Venture from a nearby successful Nanushuk well has proven comparable to that observed in Winx-1 over the same topset features, providing early encouragement. These initial interpretations, whilst encouraging, should be treated with some caution as more data and analysis are required for validation.
"Data obtained by the Joint Venture from a nearby successful Nanushuk well has proven comparable to that observed in Winx-1 over the same topset features, providing early encouragement"
Shorters please don’t close too earlyyyyy
On reaching Total Depth,the forward plan is to run acomprehensive wireline logging program over the zones of interest. Subject to the results of this program the Joint Venture will decide whether to proceed to stimulate and test the most prospective of the Nanushuk primary targets.88E Managing Director, Dave Wall, commented: “There are early signs of encouragement at multiple horizons in the Winx well; however, it is too early to say whether these will result in a commercial discovery at this stage as more data and analysis is required.
Yes
Highlights: Winx-1 • Primary Nanushuk targets (topsets) intersected between 4,667’ and 4,901’ o Elevated mud gas (C1-C5) associated with oil shows and increase in LWD (Logging While Drilling) resistivity recorded within interval o Initial interpretation encouraging based on comparison to data from nearby successful Nanushuk well • Previously reported Upper Nanushuk Formation interval (4,460’-4,530’) remains the subject of further analysis • The Torok Topset Sequence 4 (secondary target) was intersected at 6,052’ with elevated mud gas readings (C1-C5), oil shows and an increase in LWD resistivity recorded • On reaching Total Depth a comprehensive wireline logging program will be implemented to further evaluate all the Nanushuk / Torok zones of interest and determine whether to proceed with production testing
Is the nearby well comparison Horseshoe???? Hope so
Highlights: Winx-1 • Primary Nanushuk targets (topsets) intersected between 4,667’ and 4,901’ o Elevated mud gas (C1-C5) associated with oil shows and increase in LWD (Logging While Drilling) resistivity recorded within interval o Initial interpretation encouraging based on comparison to data from nearby successful Nanushuk well • Previously reported Upper Nanushuk Formation interval (4,460’-4,530’) remains the subject of further analysis • The Torok Topset Sequence 4 (secondary target) was intersected at 6,052’ with elevated mud gas readings (C1-C5), oil shows and an increase in LWD resistivity recorded • On reaching Total Depth a comprehensive wireline logging program will be implemented to further evaluate all the Nanushuk / Torok zones of interest and determine whether to proceed with production testing Western Leases – Winx-1 Exploration Well The Winx-1 exploration well intersected the primary Nanushuk topset targets between 4,667’ and 4,901’. Elevated mud gas readings, oil shows and an increase in LWD resistivity were observed in multiple topset features within this primary target interval of the well. Data obtained by the Joint Venture from a nearby successful Nanushuk well has proven comparable to that observed in Winx-1 over the same topset features, providing early encouragement. These initial interpretations, whilst encouraging, should be treated with some caution as more data and analysis are required for validation. The previously reported (1st March 2019) interim results were related to an interval in the Nanushuk Formation above the primary target zone. This interval (4,460’-4,530’) remains the subject of further analysis to determine prospectivity. The well successfully intersected the top of the Torok Formation at 4913’. The Topset Sequence 4 sandstones (secondary target) were encountered at approximately 6052’. Elevated mud log gas readings (C1 – C5) associated with oil shows and an elevated LWD resistivity response were recorded during the drilling of this sequence. On reaching Total Depth, the forward plan is to run a comprehensive wireline logging program over the zones of interest. Subject to the results of this program the Joint Venture will decide whether to proceed to stimulate and test the most prospective of the Nanushuk primary targets. 88E Managing Director, Dave Wall, commented: “There are early signs of encouragement at multiple horizons in the Winx well; however, it is too early to say whether these will result in a commercial discovery at this stage as more data and analysis is required.
YEA BABY
Primary Nanushuk targets (topsets) intersected between 4,667’ and 4,901’ o Elevated mud gas (C1-C5) associated with oil shows and increase in LWD (Logging While Drilling) resistivity recorded within interval o Initial interpretation encouraging based on comparison to data from nearby successful Nanushuk well
Market will let me buy sub 2p tomorrow?
But poor sods who sold out
234' of Nanushuk!!!!!!! Initial interpretation encouraging based on comparison to data from nearby successful Nanushuk well
https://www.asx.com.au/asxpdf/20190304/pdf/4435xl47qdw4gg.pdf
Lovely peeps.
oil shows
https://www.asx.com.au/asxpdf/20190304/pdf/4435xl47qdw4gg.pdf
....
Yes I get that but if they’re relying on the 3D seismic then it’s hardly accurate. Either way let’s preume the Seabee had no hydrocarbons and was water saturated This zone does mixed with water Next zone?
That could be the case.But they did say in RNS that 'the winx drill intersected a zone of interest in the Nanushuk' Only a couple of hours to find out.
How do we know the zone of interest was not Seabee ? Cos the rns says zone of interest in nanushuk !
How do we know the zone of interest wasn’t the Seabee just lower down? They quote in their rns that nothing was found at Seabee at 4272 which is 400ft below what was on the seismics. If they did go through the Seabee presumably it was water bearing as no hydrocarbons Then this zone of interest has some hydrocarbons Fingers crossed all
jndavid490
if no rns first thing tomorrow latest, i wont bother.
imho