(MENAFN- ProactiveInvestors)
() has intersected 43 feet of net gas pay at a secondary target within the Hoffer B1 well in Lavaca County Texas that could deliver commercial gas flows
The gas pay in the Middle Midcox sandstones was identified in a number of sandstone units.
Subject to successful flow testing this pay alone is expected to be sufficient to achieve a commercial success from the well at current commodity pricing and materially enhances the prospectivity of Galilee’s other prospects in the area.
Logs also confirmed a confirmed a potential 40 feet pay zone in the shallower Yegua Formation. This zone was logged through casing and further evaluation will be necessary to determine the commercial potential of this zone in the coming months.
Mud logging while drilling identified two additional shows of significance in the Lower Wilcox below 11600 feet which have the potential to add to the interpreted net pay. Unfortunately logging tools were unable to be run over these zones due to the tool sticking during logging operations.
A production liner has now been run to a depth of 12700 feet to allow drilling of the primary target in the basal Lower Wilcox. This should allow open hole logging of one of the previously identified Lower Wilcox shows with the other to be evaluated using cased hole logs.
Galilee has a 35% working interest in the well.
Proactive Investors Australia is the market leader in producing news articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia UK North America and Hong Kong / China.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.