sounds promising
Portrush Evaluates Waubuno
Thu Jan 15, 8:31 AM
VANCOUVER--(BUSINESS WIRE)--PortrushPetroleum Corporation (TSX-V:PSH, OTCBB:PRRPF) (https://www.portrushpetroleum.com)
Portrush has commissioned a Calgary based Petrophysical Consulting firmto conduct a detailed evaluation on the Moore 6-12-III #2 well on itsWaubuno property in Moore (St. Clair) Township, Lambton County,Southwestern Ontario. The evaluation is based on log evaluation and anoil show observed during drilling at the top of the main potentiallyproductive porosity interval. The results will be considered preliminaryuntil such time as the well is placed on production. The Company holds a65% WI in the project.
The Raw Oil in place has been estimated at 806,000 barrels.
5% represents a conservative outcome: 50% represents mid-range and 95%represents an optimistic forecast of future production.
The report continues:
The “data presented herein indicates there is considerable Oil in placeunder the Waubuno (150–acres) pooled interest. The Portrush et al#2,Moore 6-12-111 completion candidate presents log data that comparesfavourably with log data obtained from nearby A1 Carbonate OilProducers. The well if completed as an oil well would be expected todrain approximately 40 acres. This would indicate that at least threeoil wells would be required to effectively drain the reservoir aspostulated to cover 111.0 acres more or less (primary production).”