AED 0.00% 14.5¢ aed oil limited

I guess majority were been hit by Tue's annoucement including...

  1. 7 Posts.
    I guess majority were been hit by Tue's annoucement including myself. However, after I went back to those previous announcements, I think we still have a pretty good chance in Lempuyang. The blue zone still has about 34m thickness of potential to be evaluated, and past AED's announcements were most focus on blue zone. Even on 8th Feb announcement, it mentioned "Following the PLT it is now planned to move to the upper Blue zone and undertake flow testing. As previously reported during drilling a high pressure interval was intersected in the blue zone." I could be wrong as I am not an expert in this industry, I don't know whether the 34m thickness could warrant the commerciality of the well and whether the water would matter too much. In drilling report 10, it said" The ??Blue sands?? also contained numerous elevated gas levels and cuttings shows suggestive of rich gas, light oil or condensate. AED has been very pleased that the first two interpreted stacked reservoir targets in Lempuyang-1 have come in close to prognoses (+17 and +9 meters respectively) and with reservoir sands. The sequences of sands are typical of Brunei oil and gas fields. For example the nearby billion barrel Seria Field, has numerous wells with water filled reservoirs overlying hydrocarbon bearing zones."

    The Lukut well has about 115m aggregate gross thickness of potential reservoirs. AED said Lempuyang is the one that they aim for deeper and larger prospect. However, AED didn??t get what they expected from Lempuyang due to numerous reasons. I am curious what is in the green zone, maybe gas is under the water, but they can??t manage to go further.

    I hope at least one well is commercial. Fingers crossed.
 
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