Geochemical analysis of the fluids extracted from selected sidewall core samples taken from the Merlin-1 well have confirmed the presence of hydrocarbons. Significantly, the prospective zones were among those not able to be tested with the fluid extraction tool, but where good oil shows were encountered during drilling, including petroliferous odour, fluorescence and cut. Whilst the initial results are encouraging and provide further evidence as to the commercial potential of the Project Peregri ....
24 Jun 2021
Cenkos: 88 Energy Ltd -- Further Evidence of Hydrocarbons
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Cenkos: 88 Energy Ltd -- Further Evidence of Hydrocarbons
88 Energy Limited (88E:LON) | 0.2 0 4.7% | Mkt Cap: 56.5m
- Published:
24 Jun 2021 -
Author:
James McCormack -
Pages:
4
Geochemical analysis of the fluids extracted from selected sidewall core samples taken from the Merlin-1 well have confirmed the presence of hydrocarbons. Significantly, the prospective zones were among those not able to be tested with the fluid extraction tool, but where good oil shows were encountered during drilling, including petroliferous odour, fluorescence and cut. Whilst the initial results are encouraging and provide further evidence as to the commercial potential of the Project Peregri ....