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Super Nova Petroleum (CSE:SNP, OTC:SNOVF) reports that its Eagle #1 Well, which started drilling on September 6, is continuing its process of post-drilling evaluation. The pre-drilling object of the well was a vertical test to examine an amplitude anomaly which indicated hydrocarbons.
According to the press release:
The pre-drilling objective of the well was a vertical test of an amplitude anomaly indicating hydrocarbons of estimated vertical depth 2,500-3,000′ below surface. Geologic interpretation prior to drilling was a gas filled structural trap of the upper cretaceous Eagle formation, charged with self-sourced biogenic gas. A slight “walk” of the drill bit up-dip was expected and thus surface location was set at approximately Shot Point 128 with the expectation that subsurface intersection with the anomaly would thus be assured, conservatively targeting the center of the anomaly. Prior to drilling it was recognized that differing outcomes were possible, the most likely of which: 1) the anomaly would be Eagle formation and full of biogenic self-sourced gas 2) the anomaly would be a volcanic sill of the Adel Volcanic Field of approximately 75 mya, thus of no value 3) the anomaly would be Eagle formation with migrated hydrocarbons, possibly oil generated in the Bakken source rock below that had migrated along the fault.
Click here to read the Super Nova Petroleum Corp. (CSE:SNP,,OTC:SNOVF) press release
Click here to see the Super Nova Petroleum Corp. (CSE:SNP,,OTC:SNOVF) profile.