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Re: None

Monday, 04/26/2021 7:35:23 PM

Monday, April 26, 2021 7:35:23 PM

Post# of 1019
A good update by 88 Energy on its well and analysis.

The well 1 data analysis will follow similar timeline. The longest lead time is 10 weeks - which means the entire package will take at least 12 weeks unless they declare individual results as they come.

Also see how they are highlighting 2D-3D mapping. Hope RECAF will get the approval to start 2D mapping.




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Details
Sidewall cores, mud gas and fluid samples taken from Merlin-1 are now undergoing testing to determine oil saturation, oil typing, PVT characteristics, porosity, permeability and rock mechanics.

Cuttings will also go through a Volatiles Analysis Service (“VAS”) to assist with the interpretation of the results from the well.
The rough schedule of testing and results is as follows:
• Core photography (white and UV light) and geological descriptions 2-3 weeks

• Isotope analysis of mud gas 2-4 weeks

• VAS on cuttings 2-4 weeks

• Results from centrifugal spin out of oil samples from select cores 3-4 weeks

• Routine core analysis including saturations from Dean Stark 4-8 weeks

• Fluid analysis with oil geochemistry 5-10 weeks

These results will then be integrated into a final petrophysical interpretation.

During the drilling of Merlin-1 several prospective zones were encountered that had previously been unmapped. These zones exhibited good shows with potential for pay, subject to results from the testing mentioned above.

An initial mapping exercise has indicated that these zones may be of similar magnitude in terms of volumetric range as the originally targeted primary zones. Further work is required to confirm this; however, the early work is encouraging.