RE: RE: Its a gusher ...Eureka Black GoldThis is not a duster by a long shot.
The lower zone is still intact, to this point. We will see what testing finally says about that.
The upper zone looks to be fractured by faults. So the 10 squared km of potential aerial extent for the upper zone looks to be out the window at this point.
That being said, on a potential reserves quantity it’s the lower zone that was always the important zone to come through, not the upper zone. The upper zone was just gravy.
The lower zone (Jurassic) is potentially 60 square km in aerial extent and the original discovery AKD01 well had ½ of the Jurassic payzone under the O/W contact. If the AKD02 well is updip to the AKD01 well, as it was expected, then the Jurassic zone not only is potentially 6x greater in aerial extent, but also 2x as thick as the upper Cretaceous sand that seems to be fractured.
So potentially the lower formation has 12x the reserve upside that upper section had.
If there wasn’t anything in the lower zone they wouldn’t bother testing it. It costs a lot of $ to do so and there were oil shows on the cores from that zone.
Only testing will tell what’s actually there.