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Re: xxxWall$treet post# 6166

Friday, 05/20/2011 1:09:15 PM

Friday, May 20, 2011 1:09:15 PM

Post# of 31720
LOVE THIS STOCK $$ ACCUMALATING STILL!...I did a bit of DD this morning! Requested some old well logs on this recent acquisition "470" area from Geological Society. The compensated density log shows good porosity 22% (porosity is the amount of pore space between grains of a solid rock, this pore space is filled with water/gas/debris) the thickness is 24ft on this log. Some lamination but not enough to divert or create fluid channeling (unless well spacing is incredibly close!)Permeability is very favorable! (permeability is measurement for the ability of fluid/gas to travel through the rock) Resistivity logs (resistivity is the conductive characteristics of the fluids within the formation:oil is resistive..water conductive..gas less conductive than water,but conductive) logs indicate formation to be one which has oil/gas and water. Water is more prominent than the oil/gas. So in a nutshell this "470" water flood is a water drive formation making it near perfect for a water flood project. No wonder it has been moderately flooded to date! Keep Well!
Enertec