Scoop has an Ethical Paywall
Talon1 drilling update
COMPANY ANNOUNCEMENT 22nd July, 2011
Talon1 drilling update
L&M Energy Limited (ASX/NZX: LME) advises that the Talon1 exploration well in PEP51151, onshore Taranaki, New Zealand (LME: 50%) has reached total depth and intersected basement at 1501m, around 50m below prognosis.
Wireline logs have been run and initial interpretations indicate that, while the well intersected over approximately 75m of good quality Manutahi reservoir, no significant hydrocarbon shows were observed.
The well log data will now be recorrelated with seismic data and incorporated into the technical database for the permit and the Joint Venture will be consulted prior to the commencement of the next stage of exploration.
As announced on 13th July, LME will be free carried through the drilling of the well (subject to regulatory consent). Talon1 is the first well to be drilled on the 482.4 km2 permit, which contains multiple further drilling targets.
ENDS
Fix & Fogg: NASA Hand-picks Kiwi Nut Butter Brand To Travel To Space In NZ First
Citizens of the Sea: Sailors To Revolutionise Our Understanding Of Pacific Biodiversity
Netsafe: Making A Splash With Online Safety: Netsafe Launches New Flagship Programme For Kids
NZGBC: Flood Resilience PhD Student Widi Auliagisni Named Future Thinker Of The Year 2024
Business Canterbury: European Free Trade Agreement A Game-changer For Canterbury
Business Canterbury: Urges Council To Cut Costs, Not Ambition For City
