Are there any clues here?
Just reading the regular progress report that Beach puts out. Fermat-1 is a significant offshore (gas) well for them, but doesn't get top billing in today's report. What they do say though is......
"Fermat-1 is at a depth of 3585m. The current operation is conditioning hole in preparation of running wireline logs".
Can any of you oilers tell if there are any clues as to the success (or otherwise) of this well by conducting this operation? I was of the view that wireline logs wouldn't be run if they hadn't hit gas or oil....happy to be corrected.
http://www.asx.com.au/asx/statistics...idsID=00918185