Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Garble, MarlonMonkey, companyMan and so on..I have a gut feeling Predator will be the O and G share of the decade and this time I ain't selling too soon like it did with GKP and RKH post Shaikan and Sealion discoveries
Https://danasteel.com/dana-steel-approved-in-neom-sustainable-city-saudi-arabia-project/
https://www.adportsgroup.com/en/news-and-media/2022/12/30/tonnes-dana-steel-project
2. TGB-4 sands
Several thin sands of up to one metre in thickness were encountered in TGB-4 from 1046 to 1070 metres TVD MD. Borehole geometry was poor and further detailed petrophysical analysis will be required to determine reservoir quality. At least one of these sands may be a candidate for rigless testing.
3. Sub-TGB-4 sands
From 1112 to 1140 metres TVD MD. five thin sands, individually up to one metre-thick, were encountered. As for the TGB-4 sands further detailed petrophysical analysis will be required to determine reservoir quality. Rigless testing of at least one sand will be considered.
. Ma and TGB-6 sand interval
Within the interval from 815 to 895 metres TVD MD five potential sands with gas shows were encountered. Individual sands have a maximum thickness of 3 metres giving an estimated cumulative thickness of 11.5 metres versus a P10 pre-drill forecast sand thickness of 10 metres.
The Ma Sand had a 3% formation gas show.
Pre-drill P50 structural closure was determined to be 6km² for the area tested by MOU-3.
MOU-3 well results have confirmed that the Ma to TGB-6 interval can be correlated with the same gas-bearing interval in MOU-1, approximately 7 kms. to the southwest. The two well data points now support a seismically defined sequence covering an area of up to 58 km² that potentially forms a combined structural and stratigraphic trap for gas.
A preliminary summary of the results from the zones of interest is given below pending further NuTech petrophysical wireline analysis that will be commissioned ahead of finalising multiple intervals for rigless testing .
Will we get an update on the NuTech analysis when its done?
Rigless testing, CPR
It is anticipated that the Company will complete and publish a Prospectus in the coming weeks to, amongst other things, enable the return of all shares due to Paul Griffiths and Lonny Baumgardner (including those loaned previously) before the rigless well testing programme commences in Guercif. Additional working capital will be required in the future to help accelerate a potential Compressed Natural Gas development.
An updated Competent Person's Report will be produced at the time of a Prospectus.
@KeithOz - Thanks for the informative reply much appreciated.
Looks like we are on the cusp of something BIG, does anyone still follow Frontera Resources I was one of the unfortunate ones invested there before it got delisted and I believe they were onto something big (multi TCF) in Georgia but as ever the political situation spoiled it all.
Total depth = 1500 metres
1st interval encountered = 339 to 350 metres = 11 metres
2nd interval encountered = 750 to ? metres =
What are the other expected intervals en-route to 1500 TVD or is there a expectation that it will be charged all the way as we have high pressure?