Promising3 Mar 2019 22:48
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