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Equator Exploration - Sao Tome oil play

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ppowerscourt - Tue, 03 Jan 06 :

Orvis: Read again....

"The well is currently drilling ahead at a depth of 1583 metres below sea level,
utilising real time logging while drilling. It has already encountered gas zones
in the upper section which can be correlated with the original B-1 well. Logging
data on the B-1 DX well indicates that the well is in a structurally "up-dip"
higher position than the B-1 well. Within the next seven to ten days, it is
anticipated that the B-1 DX well will be penetrating an upper gas sand, the main
gas sand, the oil sand and the lower gas sand, all of which were encountered by
the B-1 well, The well will then drill into deeper potential gas bearing sands
that were water-bearing in the original B-1 well due to its structurally low
position. Testing operations will commence as soon as the well has reached total
depth, planned at 3,550 metres below sea level."

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Off-shore drilling for 7-10days cannot reach (3550 less 1583)metres. Instead, those various sand levels as depicted in previous data should be encountered if on target. Excitement in stages......

Cheers!


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