Then at the Blackbeard West No. 2 well, we're drilling below 23,600 feet towards -- with about 1,000 feet to go towards our targeted depth. We reported today that recent logging data indicate the presence of potential low-resistivity pay zones, one about 80 feet thick, requiring further evaluation. We encountered Middle Miocene sands below 22,500 feet with really high levels of porosity. Seeing this porosity in this drilling is good news for us in terms of our overall program because it indicates that sands in this environment can have positive characteristics, which, again, is important to us as we look more broadly at the program.
James R. Moffett - Co-Chairman, Chief Executive Officer and President
We are not permitting deeper because we still, as we speak, we still continue to get indications from the mud log which shows that there are [indiscernible] possibly productive and we'll just be looking. As I said, and Richard said in his remarks, we keep getting the right kind of indications. The sands we're seeing have 20% to 24% porosity. A couple of them have pay on water, and this 180-foot section looks like it has in there phenomenally and having good enough mud logs there, and it should be okay. But what I'm trying to do is to get the well down. If we can get a real nice pay sand that is straightforward, then these other ones will just be behind pipe and something we can deal with. So the prospect continues to look like it's trapping, and it's a big area like all these sub-salt plays, and we'll just -- we'll look at this depth and we'll be drilling deeper based on the next 1,500 feet of hole.
Would one of you TISDZ members please explain why TISDZ is a good buy and what amount of production will yield dividends. I read the posts and the alpha article and am generally familiar, but what is on the immediate horizon, and is it NG or O? Thanks
Now that the development plans foe BBE shallow have been submited and SS188 should be in production soon, I think TISDZ pps is cheap here. It is interestign the at McKenzie has not been the seller over the last 6 weeks.