Curious to any others out there on a lazy saturday arvo who may sipping on a few cold ones (Ex where are u lol); Just how manny additional barrels of oil does the below updip being worked on by the team at present expect or is anticipated at coming in at? New technologies makes these types of sands potentially very profitable. Yukon, being closer in prox to existing refineries etc...im of the belief this little gem could trump all our expectations in being a money maker. Holds 90 mil at present. The Feb announcement is defintely a dark horse and one im waiting on (along with FO and Winx lol).
Yukon Leases The Yukon Leases contain the recently defined Cascade Prospect (refer release dated 7 November 2018). Inversion of the modern 3D seismic, acquired in 1Q 2018, used to delineate Cascade is now underway, with results expected in February 2019. Cascade was intersected by the Yukon Gold-1 well, drilled in 1993, which penetrated the prospect in a down-dip location in reasonable quality, hydrocarbon saturated sandstone. The up-dip portion of the prospect can now clearly be identified as a channelised feature and is likely to contain thicker sands of higher quality.
88E Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held