HDR hardman resources limited

HDR - Could they hit oil in Woodada

  1. 119 Posts.
    I am getting excited. Read the report! It looks like they could hit gas in the High Cliff Sandstone and that could be a major new resource for HDR. I am not sure about the geology but could the High Cliff Sandstone contain oil?

    Taken from todays drilling report:-

    "Irwin River Coal Measures and possibly High Cliff Sandstone from 2,789 to 2,819 metres KB comprising interbedded sandstone, claystone/siltstone and minor thin coal beds.

    High background gas readings with occasional gas shows predominantly C1, trace C2. The gas shows are considered to be associated with coal beds. Increased background gas reading in High Cliff Sandstone."
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