TSXV:ART.H - Post by User
Post by
Amaladeon Sep 09, 2010 8:01pm
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Post# 17431784
Remember the previous NR!!
Remember the previous NR!!The July NR stated in the drilling update paragraph-"Geologically, the well has penetrated an unexpected and anomalously thick Aalijii formation containing potential light oil reservoir in a sandstone which displayed fluorescence and cut fluorescence. A significant increase of gas readings with free light oil has been observed in the drilling mud. Further evaluation of this new, promising zone has been deferred in an effort to proceed with the drilling program into the primary targets, however, an assessment will likely be conducted after the well has reached total depth. "
It certainly states the pay zone is 64 meters of gas and free light oil - IMO, I think they wire logged this Aalijii formation, and discovered the thickness of the gas and light oil.
What is oil Fluorescence- Mr. Ed Sampson mentioned this as an optimistic sign of oil- Why? check this website out pertaining to Crude oil - by Turner Designs- www.turnerdesigns.com/t2/doc/appnotes/S-0079.pdf
GLTA