The TSX-listed company said that “oil shows and elevated mud gas readings were observed while drilling through three separate target sandstone intervals, however the these sandstones were indicated to have low permeability (tight) on the basis of open hole logs and pressure measurements”.
The explorer is planning to integrate the results of the well into its regional model to see if potential quality reservoir sands may be expected further east into the deeper basin where recently-acquired 3D seismic data showed a series of untested structural closures.
The
