GGE 25.0% 0.3¢ grand gulf energy limited

now producing oil and gas, page-15

  1. 492 Posts.
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    From TMK.......2 weeks left in Feb!!!

    West Klondike Discovery, Louisiana - (TMK 10.2% WI)
    The Wilberts Sons LLC #1 exploration well on the West Klondike Prospect in Louisiana drilled to its
    total depth of 10,900ft on 13 December 2012. Electric logs confirmed it as a discovery well with
    material net pay in 2 separate target horizons, with 4ft in the Lario sands, 6ft in the U Nod Blan
    and 35ft in the Lower Nod Blan sands.
    As announced on 13 May 2013, the Company advised that the Wilbert Sons LLC #1 well was
    perforated and flow tested successfully at over 2 MMcf gas per day from the lower Nod Blan.
    The well has been suspended pending installation of facilities in the March 2014 quarter.
    An estimate of likely ranges of reservoir reserves will be provided once production has
    confirmed discoveries. A summary of the reservoirs characteristics is provided below:
    Depths
    (ft) Sand Net Pay Content Description
    10,330 -10,350 Lario 4ft Oil 18-20% porosity appears tight
    10,518 -10,524 U Nod Blan 6ft Condensate/gas Good porosity
    10,616 -10,661 L Nod Blan 35ft Oil/gas Good porosity
    Tamaska has earned its 10.2% working interest in the prospect and well through paying its 14%
    share of drilling and completions costs to date (~US$525,000). There will be additional costs to
    Tamaska to install long term production facilities. The Operator has now secured pipeline route
    approval and the facilities design and construction is expected to commence in February
    2014.
 
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