SJ#3 reports the following: (yep, had to go ba
Post# of 39368
SJ#3 reports the following: (yep, had to go back and reread this part of the report)
Two weeks after the May 7, 2013 announcement, TBE (Treaty Belize Energy) reached a large fracture at approximately 3,300ft. (SJ3 FP1) After reaching SJ3 FP1, San Juan #3 lost circulation. After two days, TBE regained circulation and continued to drill for approximately 100ft., where the drill encountered another fracture approximately 40ft after the first (SJ3 FP2). TBE stopped drilling after receiving positive geological readings at approximately 3,400ft.
TBE pulled the drill and ran a sonic log to confirm additional positive results. With confidence, the decision was made to case and cement to maintain the stability of the borehole, but TBE would conduct an openhole operation for the fractured areas. Once cementing was successfully completed, a second sonic log and cement log was completed with again, positive and encouraging results.
Hehehe! We just may have an oil well in Belize. Now it's really time to .. Get Ready!