Jupiter Energy evaluating first cores of J-50 well

Jupiter Energy (ASX:JPR) has provided an update on the evaluation Middle Triassic reservoir section with acquisition of the first of 5 x 9m cores of J-50 well, in Block 31, Mangistau in Kazakhstan.
Jupiter has a 100% interest in the well.
The J-50 well is testing the primary Middle Triassic objective, on trend with the oil producing North Akkar Field. This location tests a play with an estimated 20 mmbbl recoverable mapped within Block 31.
The first core was cut from 2957m to 2966.5m with hydrocarbon shows and gas returns during coring. 100% of the core was recovered to surface and good quality hydrocarbon shows were evident along the core length.
100% of the core was recovered to surface and good quality hydrocarbon shows were evident along the core length.
The comnpany said oil saturated porosity and mobile oil droplets as well as bubbling gas were observed from some samples.
Field reports positively confirmed the presence of mobile hydrocarbon in the Middle Triassic reservoir which is the primary target of the J-50 well.
The reservoir is estimated to be 120m thick and 27.5m of the reservoir interval has now been intersected.
The company indicated the it believes the full reservoir section will be intersected.
At 1200 hrs on 25th March 2009, the well had reached a depth of 2966.5mRT and the crew was using a 9m core barrel to cut core #2.  Next steps are to cut 1 x 9m cores (1 day), drill 45m of reservoir (3 days), cut 3 x 9m cores (4-5 days) and drill to total depth.
Jupiter will run extensive electric wireline logging across the zones of interest after total depth has been reached.

http://www.proactiveinvestors.com.au/companies/news/5994/jupiter-energy-evaluating-first-cores-of-j-50-well-5994.html