'petrengr1' pid='64771' datel Wrote:Looks like I was too optimistic in interpreting the cross section at http://tinyurl.com/p5bttdy page 5.
Apparently the dolomite section is not thickening to the south as depicted in the cross section.
Today's Press Release says the dolomite section is 182 meters (597 feet) thick but the total gas column is 339 meters (1,112 feet) thick as expected. So the thickness of the dolomite is similar to what we have seen in other wells. The good news is the top of the formation is still 1,112 feet above the gas/water contact and the dolomite continues to the south and southeast.
So it is still possible that someday we will drill a well low enough and far enough to the south or southeast to find dolomite all the way to the gas/water contact. So far the lowest well we have drilled at Antelope has a gas column of 1,112 feet, 54% of which is high porosity dolomite. I would like to see what the gas/water contact looks like on logs in high porosity rock.
I was happy to see that they now believe the gas/water contact is deeper that they have previously interpreted as I have been suggesting as late as last night. They have been using -2214 meters sub sea and GLJ had used -2228. As I posted last night at http://tinyurl.com/qad4yjg post 42, IOC Tested Antelope-1 ST-2 at depth of -2,220 to -2,253 meters sub sea and recovered 1.4 MMCFD gas and 23.8 BPD of condensate. Getting the Engineering firms that are doing the reserve calculations to agree to the lower gas/water contact would be an important accomplishment. It is a pretty big deal if we can get the gas/water contact lowered at least back to the original GLJ number of -2,228 meters sub sea. That would make a significant impact on the resource calculation when you include an additional 14 meters of gas pay over the entire area of the Antelope Field.
Pet-If we do wind up with 46 more ft. of pay in Antelope, I will give a "hoot and a holler"" border="0" class="smilie" src="http://shareholdersunite.com/mybb/images/smilies/biggrin.gif" />