GREY:ENGFF - Post by User
Post by
Columbus1494on Sep 06, 2010 10:57am
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Post# 17417409
Positive news for ENG
Positive news for ENGThe latest news from Chariot is positive for ENG,especially the news regarding block 1811 south of 1711.
Their prospects are located near Hartman.
https://www.chariotoilandgas.com/chariot/media/press_releases/2010/06.09.2010/06.09.2010.pdf
Northern Blocks
In Block 1811A, the various Tapir structural leads are confirmed as prospects with the addition of draping fan sands in providing stratigraphic trapping upside. There is evidence of Direct Hydrocarbon Indicators (DHI’s) within the data set and work is underway to quantify its significance. Further risk reduction will be substantial if these studies are concluded positively. Additionally further geologic studies have increased our confidence in the presence of a rich oil prone Cenomanian to Turonian source rock in 1811A&B which is mature for oil generation present day –this being optimal for preserved hydrocarbon accumulation. These studies also confirm our assessment of good quality turbidite sandstone reservoirs likely to be present in both Upper Cretaceous and Tertiary levels over our mapped prospective areas.