(11-16-2012, 01:31 AM)Spartina Wrote: This rig can go deeper, will be interesting to see what the liquids are @ the bottom of E3
Spartina:
Here is something I wrote previously about Elk-3:
Elk-2 hit the top of the limestone at -2262 meters sub sea. The gas/water contact is at -2248 meters sub sea. I expect Elk-3 to hit the top of the limestone at about -1750 meters sub sea or roughly 500 meters higher than the gas/water contact.
The top 500 meters of rock at Elk-2 had about 103 meters of pay i.e. 2% porosity or better. The average porosity of this 103 meters of pay was 7.4% (6.6% in-situ). I am hoping to find some porosity better than this at Elk-3 but if that does not pan out we should have at least 100 meters (328 feet) of net reservoir rock in the 500 meters (1,640 feet) of fractured limestone that we drill above the gas/water contact.
It might be worth noting that there were a few thin zones with matrix porosity as high as 11- 12%.
We should make a good high volume gas well and prove that we do have at least some matrix porosity in the Main Elk Fault Block. Perhaps this will be good enough to get GLJ to add a little to the resource volume.
I think the liquids at the bottow of Elk-3 will be water, the same as Elk-2. I do not think they will drill to the sandstones at this location to look for oil. Just my opinion.