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5.0¢ central petroleum limited

From page 34 of RISC 6 if 11 wells drilled in palm valley have...

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justinmetals

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21/08/18

18:24

Post #: 35073113
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Originally posted by justinmetals ↑

From RISC report page 33 (I think). This well should be awesome.

Drilling has shown that the contiguous lower Stairway Sandstone, Horn Valley Siltstone and Pacoota Sandstone reservoirs are highly fractured at depths from 1,800 to 2,200 m. The fracture system is well connected and wells that have intersected large open fractures have flowed gas to surface at significant rates (for example PV-6B flowed at approximately 137 MMscf/d).
The Palm Valley reservoir is classified as a Type 2 naturally fractured reservoir where large open fractures provide essential reservoir permeability and is therefore not a conventional reservoir. These effective fractures are fed by an extensive, interconnected system of smaller fractures which provide access to micro- fractured matrix rock. Gas deliverability is provided by a complex interconnected network of fractures which has resulted in extremely high flow rates and good connectivity along the crest of the field. This is shown schematically in Figure 4-6.

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From page 34 of RISC
6 if 11 wells drilled in palm valley have produced gas for sale. This horizontal must almost be a certainty.

http://www.aspecthuntley.com.au/doc...Jyb3JwYWdlcy9wZGZkZWxheWVkLmpzcA==&popup=true

CTP Price at posting: 12.5¢ Sentiment: Buy Disclosure: Held
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