RE: Lincoln30 Jun 2018 15:18
From Edison and thanks to miss dosh
Lincoln
Lincoln is an oil discovery that is modelled as a distinct oil accumulation to Lancaster, separated by the Brynhild fault zone. There is potential for Lincoln and Warwick to be a single hydrocarbon accumulation; however, the two structures are considered separate accumulations in RPS’s last published CPR. Although log data and hydrocarbon shows indicate reservoir mobility, further appraisal will likely be required to demonstrate the presence of moveable hydrocarbons. The Lincoln well was drilled as a slim hole to establish oil water contact (OWC) and a further appraisal well at Lincoln could be used to establish horizontal well flow rates with the potential to be tied back to the Lancaster EPS. Warwick remains undrilled and is a key target for further exploration/appraisal on Hurricane’s Rona Ridge acreage.
Halifax
Halifax is an oil discovery with a hydrocarbon column in excess of 1km true vertical thickness. The discovery well was drilled and suspended in 2017 with the objective of future re-entry and flow test. As in Lincoln, no pressure or flow test data were recovered. However, although no fluid samples were taken, traces of formation oil were found in fluid recovered from circulating the test string. Management believes that log data indicate Halifax has similar reservoir properties to Lancaster and may share a common aquifer. A difference in depth in OWC between Lancaster and Halifax is subject to debate but theories on it include the potential for a titled OWC or the presence of intra basement sealing faults. An additional appraisal well/flow test will be required to confirm moveable hydrocarbons and the extent of the connectivity between Halifax and Lancaster.
Exhibit 7: GLA and GWA
Exhibit 7: GLA and GWA
Source: Hurricane Energy
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