"From the data obtained from the logs, good things emerge, but also bad things. There are hydrocarbons throughout the interval except for the part where we saw layers of clay on the other hand, the quality of the rock for conductivity is not very high. We are looking for the existence of cracks in the rock, the conductivity will compensate for the pores.
In the pits, we saw that there were fractures, cracks in the rock. This is encouraging, but nothing will replace the production test. The partners have not yet decided on the number of tests, this will be examined later. The company does not have financial resources for two tests, we will have to find additional sources."
- The fact that according to Levy, the pore rate that became apparent after the electrical log tests was the "bad" part of the results can also be learned from what he said at the meeting of the board of directors on September 16, 2013, which was dedicated to the decision and approval of the production test program and their budget (Appendix 4 to the plaintiff's affidavit). In this discussion as well, the question of the significance of the figure relating to the porosity of the rock arose and was even sharpened:
"During the drilling in these sections, phenomena of increasing the drilling rate were observed in these layers, which apparently shows an increase in pores and/or the existence of fractures at these depths.
I would like to point out about the quality of the rock, because the pores are not the largest, between two and six percent. In my experience, the pores are not the best. At the same time, not only the pores will determine the rate of production, but also the existence of fractures, which are probably present in the drilling. On Friday we had a meeting with the consultants, the consultants claim that there are quite a few fractures in the lower part, while in the upper part there are not many fractures, but on the other hand in the upper part there are several layers with relatively high porosity, It's hard to know today. The existence of fractures can lead to a situation where we will be able to receive oil in commercial quantities in production tests.
In light of all of the above, the consultants and the operator recommended conducting two production tests.
Another thing that may be encouraging, we removed the pit from the layer, in two of the pits, fragments were observed inside the pits in the layer, which is quite encouraging.
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