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Trading Halt, page-24

  1. Ya
    5,477 Posts.
    lightbulb Created with Sketch. 1040
    Agree, at D#1 they had a tight SST reservoir which wasn't tested. Mean rec oil is 1.29 MMbbls.

    Coords for D#2, drop those on google maps & chk out old D#1 pad at Loxton drive (-29.155777, 114.937680).

    At D#2, which is just 80m away frm D#1 pad they've hit the same zone albeit a bit higher & will test the 614-617m interval.

    So the rationale is to drill close spaced holes & see what they can flow, put a ESP or a donkey pump a'la Texan style play if allowed by the DMP & Landholder.

    Think there was a D#3 planned as well in the vicinity of D#1. Not expecting a 1000 bopd gusher in the west, more like 30-120 bopd for a 34 API oil. They should have a 10k litre holding tank onsite, so the test can go on for a few days to let the oil flow under its own pressure b4 it stabilises or depletes. GLTA.
 
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