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Lakes Oil WKN 675558 eine Chance ?
Oder was meint ihr
Oder was meint ihr
12 October, 2005
GILBERT-1A DRILLING STATUS REPORT
VIC/P47 OFFSHORE GIPPSLAND BASIN VICTORIA
Lakes Oil (ASX code "LKO") has been advised by the operator that the Gilbert-1A formation evaluation is complete.
Analysis of drill cuttings, wireline logs and sidewall cores confirms fluorescence and hydrocarbon shows in the Gurnard Formation indicating that hydrocarbons have moved into the Gilbert area. Further analysis of sidewall cores will be undertaken. However, pressure measurements and formation fluid samples recovered from the well indicate that the target formations are water-bearing. It has been concluded that Gilbert-1A has not encountered commercial hydrocarbons.
Whilst the non-commerciality of the Gilbert Prospect at this stage is disappointing for the Gilbert Joint Venture, the objective of proving hydrocarbon migration and accumulation towards the margin has been proven for the Gilbert Block. The joint venture looks forward to focussing their exploration program - which includes shooting new seismic in the block in 2006 - at identifying traps along this hydrocarbon migration pathway.
Furthermore, strong fluorescence shows were encountered over the Gurnard Formation interval 624 to 636 metres and elevated gas readings were encountered in several zones through the Gurnard, Latrobe and Strzlecki Formations. Interpretation of the formation at this stage is concluding that the live oils are housed within "tight" sections of the upper Gurnard sandstone reservoir. This is very encouraging for exploration elsewhere in the Gilbert Block.
BOUNDARY CREEK-2
PEP 157 ONSHORE GIPPSLAND BASIN VICTORIA
At 6:00 AM this morning the Boundary Creek-2 well was at a depth of 71 metres having progressed 26 metres in the past twenty-four hours.
During the next twenty-four hours it is planned to drill ahead to surface casing point.
Yours sincerely
LAKES OIL N.L.
ROBERT J. ANNELLS
Chairman
GILBERT-1A DRILLING STATUS REPORT
VIC/P47 OFFSHORE GIPPSLAND BASIN VICTORIA
Lakes Oil (ASX code "LKO") has been advised by the operator that the Gilbert-1A formation evaluation is complete.
Analysis of drill cuttings, wireline logs and sidewall cores confirms fluorescence and hydrocarbon shows in the Gurnard Formation indicating that hydrocarbons have moved into the Gilbert area. Further analysis of sidewall cores will be undertaken. However, pressure measurements and formation fluid samples recovered from the well indicate that the target formations are water-bearing. It has been concluded that Gilbert-1A has not encountered commercial hydrocarbons.
Whilst the non-commerciality of the Gilbert Prospect at this stage is disappointing for the Gilbert Joint Venture, the objective of proving hydrocarbon migration and accumulation towards the margin has been proven for the Gilbert Block. The joint venture looks forward to focussing their exploration program - which includes shooting new seismic in the block in 2006 - at identifying traps along this hydrocarbon migration pathway.
Furthermore, strong fluorescence shows were encountered over the Gurnard Formation interval 624 to 636 metres and elevated gas readings were encountered in several zones through the Gurnard, Latrobe and Strzlecki Formations. Interpretation of the formation at this stage is concluding that the live oils are housed within "tight" sections of the upper Gurnard sandstone reservoir. This is very encouraging for exploration elsewhere in the Gilbert Block.
BOUNDARY CREEK-2
PEP 157 ONSHORE GIPPSLAND BASIN VICTORIA
At 6:00 AM this morning the Boundary Creek-2 well was at a depth of 71 metres having progressed 26 metres in the past twenty-four hours.
During the next twenty-four hours it is planned to drill ahead to surface casing point.
Yours sincerely
LAKES OIL N.L.
ROBERT J. ANNELLS
Chairman
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