RE: Rns out drilling results!!!9 Sep 2019 08:27
It is a very encouraging start and the important part is the fact that there were no safety issues or rig failure with the new team and equipment. Fingers crossed that they flow the 700 barrels a day that came out of C22 just a couple of hundred meters away then on to C-30 which will be quicker than C-37 now they are happy with the formations and equipment.
I am interested to find out more about the secondary target though as it looks like they did se some things of interest that need further wireline investigation.
The Company confirms that it has achieved its second objective of successfully drilling well C-37 to a total depth of 4,350 metres to test the Upper Cretaceous formation. This has evidenced a sequence of clay and carbonate facies which require further evaluation through wireline logs in order to ascertain the presence of possible oil-bearing reservoirs.