G'day Curio
I'm sure the current rig has enough HP to drill to depth safely as we have already seen.
The problem was with the engineering of the current well design through to the BOP
We did upsize the BOP to 10k psi some months ago but fortunately/unfortunately we hit the safely margins again in the lower Marti section (great problem to have)
I'm tipping we won't get back down to depth for for a year or two, I'm very confident that the uppersheet and lower resivour's will give us all the production we need at a much lower drill cost
The lower at depth resivour's at Marti and beyond will give us the "reserves in place" which every exploration/production company is built/valued around
We may need to drill it to book against, but I recall AP alluded that we may not, we'll wait and see.
- Forums
- ASX - By Stock
- MAY
- Ann: Alameda-1 Significant oil pay defined in Marti structure
Ann: Alameda-1 Significant oil pay defined in Marti structure, page-289
-
-
- There are more pages in this discussion • 283 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MAY (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.8¢ |
Change
-0.002(6.67%) |
Mkt cap ! $94.36M |
Open | High | Low | Value | Volume |
3.1¢ | 3.1¢ | 2.8¢ | $157.4K | 5.395M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 3631108 | 2.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.1¢ | 368992 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 3631108 | 0.028 |
8 | 1256370 | 0.027 |
6 | 1287999 | 0.026 |
4 | 1214000 | 0.025 |
3 | 660500 | 0.024 |
Price($) | Vol. | No. |
---|---|---|
0.031 | 368992 | 3 |
0.032 | 214405 | 4 |
0.033 | 1285000 | 4 |
0.034 | 114471 | 2 |
0.035 | 69957 | 3 |
Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
Featured News
MAY (ASX) Chart |
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online