Talk about things not going to plan... http://www.investegate.co.uk/Article.aspx?id=20100318083459P0006
This well is staggering.. 10,000psi is massive. When you think what can be done in hydraulics with 1,500psi..
Would not have been a bundle of fun, but I guess was worth it in the longer run..
."- The logs of the intermediate zone confirmed the existence of a gas column 600 m thick in a fractured formation, and the existence of a column with a total thickness of 110 m in low porosity sandstone reservoirs. As this gas appeared through a fault system, that was not the objective, it was always sealed with large quantities of suitable products and barytes during the drilling phase. That is why perforations produced insignificant quantities of gas - less than 1 MCFPD. Nevertheless, by adding up the volumes at the various impregnated heights, the recoverable gas for this zone could be quantified at about 4 TCF. To confirm the quality of these resources, the Group is going to instruct an independent expert to assess the quantities of recoverable gas under satisfactory economic conditions."
KEY Price at posting:
9.9¢ Sentiment: Buy Disclosure: Held