The method of measurement of geological formation properties in a formation penetrated by two current conducting electrodes and a conductive and magnetic steel borehole casing which comprises the steps of conducting A.C. current from a first current conducting electrode in electrical contact with the surface of the earth to a second current conducting electrode in electrical contact with the surface of the earth which is spaced apart from said first electrode, wherein the frequency of the current is between 0.001 Hz, wherein said current selectively conducts through relatively less conductive geological formations between said current conducting electrodes which therefore generates and applies a primary A.C. magnetic field to the subterranean formation to the depth of measurement thereby resulting in the production of eddy currents in the geological formation which in turn produce secondary A.C. magnetic fields, said primary and secondary A.C. magnetic fields having longitudinal components at the casing which subsequently penetrate the casing to the interior of the casing, measuring the longitudinal components of said primary and said secondary A.C. magnetic fields on the interior of the casing, repetitively performing said measurements at many vertical positions within the borehole casing and determining from said measured longitudinal components characteristic parameters for the formation through said borehole casing including the resistivity and changes in the resistivity of the geological formations.