RE: News Junkies23 Oct 2024 15:20
We know from previous RNS that-
The flathead started at 7410ft. The drill bit was still in gas at 8030ft with 10.3% natural hydrogen. The new drill allowed them to continue drilling to identify the full extent of the gas zone. So the new rig continued drilling until they passed through the gas zone expecting to reach the Precambrian.
They continued down from 8030ft in gas to 8550ft through a second sandstone. They could release more data on this before flows commence.
“Re-entry operations commenced on Clink #1 with an initial goal of placing the problematic Mowry shale formation behind pipe. The Mowry was successfully cased over the entire interval with 7-inch casing cemented to surface.
Following successful re-entry to 8,030 ft and with the well in good condition, the Company deepened the Clink #1 to 8,550 ft to determine if the Precambrian could be reached. Precambrian rock was not found but a second thick Cambrian sandstone horizon was found at 8,290 ft all the way to total depth.”
All targets had Helium shows, with levels of 50x to 130x above background in the Amsden and Charles formations.