As at 06:00hrs on 7 October 2014 Gaudi-1 was drilling ahead in 8½" hole at a depth of 2,095m. Once drilling reaches 2,102m wireline logs will be run to confirm stratigraphy. After logging it is planned to run intermediate casing and then commence coring operations through the Arthur Creek Formation.
Drilling has encountered certain gas shows which will be further evaluated upon retrieval of desorption canisters. Such evaluation of the desorbed gas (as part of the core analysis process) will lead to an assessment of the unconventional potential of the Arthur Creek Formation.
The logging program and core analysis will each provide a number of indicators in order to fully understand Gaudi-1 as an unconventional prospect, and no single deliverable can conclusively make or break Gaudi-1 as an unconventional play:
? Logging program – logging deliverables will result in Central understanding reservoir continuity, heterogeneity, mineralogy and the well’s natural fractures.
? Core analysis – an industry standard comprehensive analysis of the cores will take around 6 months from the completion of the coring program resulting in an understanding of the reservoir’s permeability, thermal maturity, porosity, gas present, rock properties (geomechanics), TOCs (Total Organic Carbon) and zone selection.
Once finalised, these key deliverables will form part of the analysis to proceed to any appraisal
phase.
