I don't expect much action from the crowd running EBR.I think that in the short term at least EBR will have to depend on action elsewhere in offshore Victoria.At least NXS is doing something with the West Triton.
Nexus Energy Limited (¡°Nexus¡±) advises that as at 06:00 am (AEST), the Garfish-1 exploration well in Production Licence VIC/L29, in the Gippsland Basin, was setting 13 ¨ü inch casing after having reached a depth of 715 metres true vertical depth sub sea (¡°TVDSS¡±). Over the course of the next week the anticipated operations will be to drill ahead in 8 ¨ö inch hole. The planned total depth of the Garfish-1 well is 2,483 metres TVDSS. The primary target of the Garfish-1 well will be to test a seismic anomaly which directly overlies the Longtom gas field. Similar seismic anomalies at Longtom have been shown to indicate the presence of gas bearing reservoir sands. Following the intersection of the primary target, the well will then be deepened to confirm that the main reservoir sands of the Longtom field extend to the western part of the VIC/L29 licence area. The Garfish-1 exploration target is calculated to have a resource potential of 180 Bcf.
EBR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
