From the blog posted below - agree4 Mar 2019 17:06
ll of the Nanushuk has been drilled and we have entered the Torok.
234ft of Nanushuk were found, with multiple oil shows. If Winx can find even half of Horseshoe (50-75ft) of actual net pay that would be an amazing, transformative result. LWD is clear that C1-5 ratios and resistivity indicate gas and oil.
Another quick side track, LWD Logging While Drilling is not new, it can be very useful, particularly
on fast paced drills such as Winx, however it can be a little bit inaccurate. The resistivity is a measurement of the conduction of electricity in the fluid, less = water, more = thick oil. It does need a baseline to work accurately. It does prevent drill fluids from interfering with the C1-C5 mix though.
The Torok has been encounted at 6052ft, importantly LWD has found evidence of oil. We are not yet at the bottom of the Torok.
It’s fair to say that the geology model hasn’t been great (although it looks highly successful), the greater depth of all targets would indicate that the drill didn’t hit the target, as sweetly as it might have done. As good as the drill looks like it might be, it could be better. With this in mind the license area might not just extend the edges of the Nanushak, but it might potentially show it at full strength (like horseshoe), in the license area.