Stocktalk QuestionAs our resident expert would
please give us your take on the PR:
Regent Ventures Ltd.'s second well, the Francis Thompson No. 2...reached the desired total depth of 4,063 feet on Aug. 31, 2010. ANY SIGNIFICANCE TO THE DEPTH?
The wellbore was then conditioned and prepared for logging on the same day. Baker Atlas, a division of Baker Hughes, was contracted and performed a suite of logs that included high-definition induction, compensated Z-Densilog, compensated neutron, gamma ray and a TTRM submini-log. WOULD THESE TESTS BE CONDUCTED IF THIS WAS A DEAD HOLE?
No. 2 well encountered a well-developed shallow sand, believed to be the Harold sand formation, the Tuscaloosa No. 1 sand formation, the Tuscaloosa No. 2 sand formation and the Barrier sand formation.
EXPLAIN THESE
With these discoveries, five-eighths-inch production casing was set and cemented to a depth of 4,060 feet on Sept. 1, 2010. WOULD THEY DO THIS UNLESS THEY WERE FAIRLY CERTAIN THIS COULD BE A PRODUCTION WELL?
Thank thee