The Energy Report
Notable Quotes
"With the LOI signed, we urge investors to bolster positions in FCU." (12/22/15) Fission Uranium Corp. - David Sadowski, Raymond James More >
"FCU is taking the right steps regardless of whether PLS is ultimately acquired or developed into a mine." (12/22/15) Fission Uranium Corp. - Heiko Ihle, Rodman & Renshaw More >
"I am quite excited about POE in 2016." (12/16/15) Pan Orient Energy Corp. - Chen Lin, What Is Chen Buying? What Is Chen Selling? More >
"BKX's Oklahoma asset has significant value." (12/16/15) BNK Petroleum Inc. - Michael Charlton, iA Securities More >
"EFR is one of the few companies in a position to write long-term sales contracts and deliver into them at several times its current production rate." (12/17/15) Energy Fuels Inc. - The Gold Report Interview with Eric Coffin More >
TPL Aims for Upper Reservoir
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Canaccord Genuity's Morning Coffee (06/24/2010)
". . .in one of the "stans," Tethys plummeted after announcing initial results from the AKD02 (Doris) appraisal well on the Akkulka Block in Kazakhstan. Based on the interpretation of wire-line logs and core data, the company says oil has been encountered in the Jurassic carbonate sequence that proved productive in the AKD01 (Doris) discovery well drilled approximately 4 km to the southeast. However, the lower Cretaceous sand interval in this well appears to be "water" bearing, probably due to faulting between the two wells. Work is now underway on preparing for a flow test on the carbonate interval following, which it is planned to sidetrack the AKD02 well to the southeast with the aim of encountering the upper reservoir potentially within the oil-bearing zone. The company stresses that these are initial results and that they may be subject to change and modification of the interpretation once the final results of the well have been obtained. The indications of oil in the carbonate sequence do not definitively prove that the well will flow oil on test, or that any flow would be in commercial quantities. Based on current plans it is likely that the initial well test results will be available within the next month." |
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More Experts
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