• The logging of the Saffron-2 well has been completed, highlighting over 300 ‘ of net oil-bearing reservoir sands (net pay).
• This includes 27’ in the Upper Cruse, 217’ in the Middle Cruse and 63-133’ in the Lower Cruse. The Lower Cruse is the primary target in the well.
• The results are so far consistent with pre-drill estimates and those indicated from the Saffron-1 discovery well.
• The broad range for the net pay in the Lower Cruse reflects the fact that the logging was run through the ca ....
14 Jul 2021
Challenger Energy Group plc (AIM: CEG): Encouraging well result at key well. Potential source of development funding.
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Challenger Energy Group plc (AIM: CEG): Encouraging well result at key well. Potential source of development funding.
Challenger Energy Group PLC (CEG:LON) | 0.2 0 11.9% | Mkt Cap: 16.8m
- Published:
14 Jul 2021 -
Author:
Stephane Foucaud -
Pages:
5
• The logging of the Saffron-2 well has been completed, highlighting over 300 ‘ of net oil-bearing reservoir sands (net pay).
• This includes 27’ in the Upper Cruse, 217’ in the Middle Cruse and 63-133’ in the Lower Cruse. The Lower Cruse is the primary target in the well.
• The results are so far consistent with pre-drill estimates and those indicated from the Saffron-1 discovery well.
• The broad range for the net pay in the Lower Cruse reflects the fact that the logging was run through the ca ....