Oil Search reports that as at 0600 on 2 May 2007, the Al Magrabah-1 exploration well was at a depth of 855 metres and drilling ahead in a 12 1/4” hole after setting casing.
The primary target is the Qishn Clastics with secondary targets in the fractured/karstified Saar and
Naifa formations, Kuhlan sandstone/Weathered Basement, and fractured metamorphic basement. The planned total depth of the well is 1,770 metres MD.
The participants in Block 35 are:
Oil Search 32.5% (operator)*
Virgin Resources 37.5%
Arc 15.0%
MND 10.0%
The Yemen Company 5.0%
Total 100%
al magrabah 1 progress
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14.5¢ |
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Mkt cap ! $44.26M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.0¢ | 14.5¢ | $18.62K | 124.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1828968 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 3355852 | 27 |
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