FUT 0.00% 1.4¢ future corporation australia limited

jjcale, The asx releaseThe results of logging have confirmedthe...

  1. 13,244 Posts.
    jjcale, The asx release


    The results of logging have confirmed
    the thicknesses and the presence of natural gas in the zones which were identified in Shell Oil’s 1980 operation and has reinforced the strategy to re-enter the well.

    The gas is the thickness of the payzone and is there.
    The only thing is to flow test. Its a free kick in front of goals for holders, The market sometimes wants to know flow rates and how much they think is down there.

    But the guys and the on site who drill this area all the time would know. The logs give us thickness, presence and pressure. The geo would 99.9% know he would have experience drilling the sands.
    If he thought it was a duster or not much gas they would not be wasting money on a flow test, Log and spectrometer tell them basically everything but you can only release solid info is the way it should be.

 
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