REL formerly MPE have announced pretty encouraging results from...

REL formerly MPE have announced pretty encouraging results from Tulainyo claiming a big discovery.
Good signs for our Alvares.

According to Raven’s 60%-owned subsidiary, Gasfields LLC, a joint venture partner in the project, evaluation of the well data has indicated multiple potential gas pay zones including up to 56 metres of estimated net pay in sandstones.

“We are now more confident that the entire section of interest is gas saturated and sandstone reservoirs of sufficient quality to support commercial-scale flows of natural gas are present,” Gasfields representative John Begg said.

“If we are successful with the test program, we have a real shot at proving up at Tulainyo what Gasfields believes has the potential to be the largest new conventional gas project in California in many years,” he said.