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I am sure at least one of the vertical wells will gather coring...

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Joatmon

158 Posts.

14/09/14

14:51

Post #: 13971856
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Originally posted by gregororius ↑

While this is based upon the still to be confirmed "production flow rate tests" this is among the most exciting parts of the just released report for me on the 2,370 metre “proof of concept” Cambay-77H well:
"Enable Oilex to increase production and cash flow while confirming the commercial potential of the Cambay “tight” X and Y Zone reservoirs. The contingent drilling campaign of three vertical and two horizontal wells and a pilot development project will also provide data to support converting Contingent Resources into Reserves"

This would be a serious driver in to the future!

-What about probing the Deep and various Z zones with one of the vertical drills?

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I am sure at least one of the vertical wells will gather coring data from all prospective reservoirs for field development and reserves verification purposes, and I imagine a vertical well will target the deeper Permian formation.

OEX Price at posting: 14.5¢ Sentiment: Hold Disclosure: Held
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