RE: What a complete load of tosh!!7 Apr 2026 21:08
@robsaunders go back and read the old RNS perhaps? Of course nothing is certain but with all the past and new data, seismic, Sproule report etc strongly suggests as good as it gets for a junior miner. They will also be using acidization to increase the flow even more. All the info is there
The Sagebrush-1 well was drilled in 1993 to a depth of 7,467 feet, targeting the Leadville and Ismay formations. While the Ismay zone went on to produce more than 300,000 barrels of oil, a drill stem test in the Leadville flowed gas containing 2.76% helium, ~19.5% methane and heavier hydrocarbons. Wireline logs confirmed up to 94 feet of net gas pay.
The DST shut-in pressure continued to build at the end of the test, suggesting higher flow rates could be achieved with modern completion techniques. The well was cased and remains available for re-entry and further testing, providing Mosman with a significant time and cost advantage in advancing the project.
The historical data from 1993 has been independently reviewed by Sproule ERCE and is considered reliable for resource assessment purposes.