• The Oswig exploration well encountered large volumes of gas and condensate volumes in place in the Tarbert formation with an excellent correlation to the nearby Tune field.
• While the presence of hydrocarbons in the deeper Ness formation is inconclusive at this well location, the overall in-place volume encountered by the well is higher than the pre-drill best case expectation.
• We believe this is likely due to a combination of the oil water contact potentially being encountered deeper than ....
23 Sep 2022
Longboat Energy plc (AIM: LBE): Oswig encounters large amount of hydrocarbons. The well will now be tested.
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Longboat Energy plc (AIM: LBE): Oswig encounters large amount of hydrocarbons. The well will now be tested.
Longboat Energy Plc (LBE:LON) | 16.8 0 0.0% | Mkt Cap: 9.57m
- Published:
23 Sep 2022 -
Author:
Stephane Foucaud -
Pages:
5
• The Oswig exploration well encountered large volumes of gas and condensate volumes in place in the Tarbert formation with an excellent correlation to the nearby Tune field.
• While the presence of hydrocarbons in the deeper Ness formation is inconclusive at this well location, the overall in-place volume encountered by the well is higher than the pre-drill best case expectation.
• We believe this is likely due to a combination of the oil water contact potentially being encountered deeper than ....