SHG sunshine gas limited

overston flow test results update

  1. SCD
    3,438 Posts.
    News is flowing this morning...1) convertible notes 2) Tardum flow test...3) Overston.

    The announcement states that "the results of the appraisal testing...have been successful with presure build up confirming the presence of a natural gas saturated reservior in the Tinowon Sandstone.
    However, appraisal testing will continue until mid Spetember"...so we have to wait another 3 weeks!

    It appears that drilling with mud has influenced the test results and so a retest using a nitrogen frature stimulation is now being prepared.

    Further information on the Overston Gas Discovery Work Program to be available by the end of the week
 
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