TSXV:ART.H - Post by User
Post by
VASTONEon Sep 11, 2010 7:05pm
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Post# 17437791
Target Depths & Prospective Resource
Target Depths & Prospective ResourceThe original anticipated targets depths and estimated percentage prospective resource taken from the Haywood Securities Report dated June 18 2010 were
Cretaceous
Shiranish 950m 18%
Kometan 1450m 8%
Qamchuqa 1670m 40%
Jurassic
Alan 3035m 4%
Mus 3135m 4%
Butmah 3460m 5%
Triassic
Kurra Chine 3660m 21%
However as stated in NR the well has encountered a unexpectedly thick Aliiji section with strong indications of hydrocarbons.
This was not one of the seven original anticipated targets and sits above the Shiranish. This means the seven main targets are still to be explored but are much deeper than anticipated from the original seismic. Drilling is probably only now in the first target Shiranish with 66% of prospective resource to hopefully be found in the first three main targets VST are shortly to enter.
The possible 64 meter net pay in the unexpectidly thick Aliiji section is a potential bonus in addition to the seven main targets.
Whether VST will still be able to reach the Kurra Chine is unknown but with a class operator in Niko it is still possible.
Patience will hopefully be rewarded.
In the mean time ignore Good40 who will put a negative spin on the best of news for his own personal agenda although by now I hope most here know he is a just a scammer.
As always DYOR and good luck VST longs except Good40!