In today’s briefing:
- ADX Energy (ASX: ADX): Water Inflow from a Small Interval in Welchau Deeper Formation.
- ReadCloud RaaS Interview Transcript 28 November 2024
ADX Energy (ASX: ADX): Water Inflow from a Small Interval in Welchau Deeper Formation.
- Two intervals in the Steinalm formation (1452.5 m-1463.5 m and 1474.5 m-1480 m MD) were tested at a stable rate (natural flow) of 240-290 bbl/d of drilling mud, likely contaminated formation water and some oil traces.
- Gas was initially observed at surface.
- While the achieved flow rate highlights the high permeability of the natural fractures, the absence of hydrocarbons is disappointing and surprising given the results of the logs, the inflow of gas while drilling, the analysis of the retrieved cores (with indication of hydrocarbons) and the fact that down hole oil samples were recovered from this interval.
ReadCloud RaaS Interview Transcript 28 November 2024
- RaaS Research Group conducted an interview with ReadCloud’s CEO Andrew Skelton and CFO Luke Murphy post the company’s FY24 results.
- This is a full transcript.
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