.55 interst in 200mbo prospect early april, page-5

GeeWiz, GGX have different view..

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The Kate-1 well will test an anticlinal structure, approximately 50 kilometres north of Christchurch, which has prominent surface expression as well as seismic evidence of subsurface closures in the approximately 1050 thick sedimentary section. The primary target is sandstone reservoirs in the Late Cretaceous Broken River coal measures (450-1050 metres), with secondary targets in younger sandstones and limestones. The structure as mapped has the potential to reservoir upwards of 25 million barrels of oil in place in the Broken River Formation. An oil seep was uncovered during geotechnical works on the flank of the anticline in 2003, and soil gas surveys have confirmed the presence of thermogenic hydrocarbons in the
vicinity of the mapped structure.
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