RE: Significant news soon?10 Jan 2022 13:35
Uggy100. The 113 page re submitted application for West Newton dated 16th December is a long read but worth it.
Below is an extraction....................
"Reduction in the Number of Wells Previously, a total of six (6) additional new wells were proposed, of which the purpose of four (4) wells was to appraise and subsequently produce from the primary reservoir target, the Kirkham Abbey Formation. The purpose of the two (2) further wells was to appraise the secondary reservoir target, the Cadeby Formation. Following the drilling, testing and interpretation of sub surface information from the WNA-2 and WNB-1Z wells, and in conjunction with data obtained from the WN A-1 well, as well as the 3C3D seismic data set, the Applicant has conducted a thorough technical review of the West Newton project. The target reservoirs in the Cadeby Formation are pinnacle or patch reefs that are proposed to cover a relatively small area but develop a considerable thickness of reservoir capable of containing significant hydrocarbon volumes. Although the deeper Cadeby Formation has potential hydrocarbon resource and has exhibited near-reef indicators, hydrocarbon shows and an oil saturated core in the WN A-1 well, sufficient reservoir porosity and permeability has failed to materialise in subsequent drilling efforts at WN A-2 and WN B-1z. The technical review of the West Newton prospect indicates that there is a limit to the viability of the Cadeby Formation as a development or appraisal target, due to the challenge in predicting reservoir and the seismic interpretation of the play currently available"