Minimal information given to shareholders27 Mar 2025 09:37
Their recent drill HE1 gave the following information
Why didn’t PRD give such detailed information on their recent drill?
“ Jackson-4 well successfully drilled to total depth ("TD") of 1,260ft (384m) measured depth ("MD") with free gas confirmed by wireline logs
§ Well flowed naturally during drilling and at TD, demonstrating good reservoir communication
§ The well encountered 62ft (18.9m) gross pay of high-quality (22-26% porosity based on petrophysics from offset wells JXSN-1,-2,-3,-4 and Sate-16), gas-saturated sands in the Upper Lyons Sandstone Formation
§ Samples sent to laboratory for analyses of helium and CO2 concentrations
§ Well head being installed ahead of surface pressure readings and flow testing”