EMR 1.72% 59.0¢ emerald resources nl

more on update

  1. 400 Posts.
    This is from the ego update -
    Would appreciate an expert interpretation...
    Can anyone put a ballpark size on the gas ? (hi-low)

    (I guess a strong indication will be if ego back into the agreement, and also the testing results over the next week or so).

    Nullara Formation Potential
    If Stokes Bay is successfully tested, then Empire interprets this Nullara trend of hydrocarbons
    could extend 4.5 kms to the south east to Point Torment-1 (where the Nullara limestones flowed
    134,000 cubic feet of gas per day with a trace of oil) and up to 7 kms to the north west where the
    Pinnacle Fault curves to the west. The trend is bounded to the south west by the Pinnacle Fault
    where the Nullara limestones dip steeply into the basin and were intersected in Valentine-1 some
    650 metres deeper than in Stokes Bay-1. For the trap to be effective, the Nullara trend must
    also be stratigraphically trapped updip and to the north east by either tight limestones or lagunal
    The Company looks forward to the Stokes Bay-1 test results of the Nullara Formation where it is
    80 metres high to the Nullara gas test at Point Torment-1. There is drilled to date a 40 to 45
    metre intersection of the Nullara limestones in Stokes Bay-1. The areal closure could be up to
    17km2. The presence of hydrocarbons and the extent of the reservoir parameters will be
    determined by the production test of the well.

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