Tap interprets from the intermediate log data, and from elevated gas readings recorded during drilling, that the well has indications of gas in some of the objective zones. However the reservoir quality remains to be established along with the commercial significance of the hydrocarbon indications. The comprehensive log data, when acquired and interpreted later this week, will facilitate a more conclusive assessment of the well results
PEP 38333 Joint Venture participants are Tap Oil as operator with 35%; Westech Energy with 50%; and Claire Energy with the remaining 15%.
Most Popular Articles