11-16-2012, 08:59 AM
Elk-3 is between Elk -2 and Elk-1 and is targeting a quality matrix reservoir in the lower limestone interval, which was discovered in Elk-2. Elk 1 never reached this depth while Elk-2 (no seismic pre-drill) went too deep in the zone and, while there was good rock quality and porosity development, it was below the gas-water contact producing a big water well. Elk-3 could add resource, particularly if there is any reef or better matrix rock in gas window.