Mixed newsIt seems nothing is ever 100% black and white. To me, the news release gives us both good and bad news:
- No oil-water contact was encountered.
- two separate Upper Jurassic reservoir zones of12 and 169 feet (vertical thickness) with oil shows through bothintervals.
and
- porosities up to 13.5% but with ahigh degree of dolomitic cement. Pressure measurements were attemptedbut not obtained.
Could the area be fracked succesfully? How extensive is poor porosity? As they say, only additional wells will tell the whole story. One thing for sure, the reservoir is getting bigger with each well. Total recoverable remains to be seen but Cladhan is still very positive and growing, IMHO.