I need to correct an error here. I was in a bit of a rush and did not read ann carefully.
The oil did not flow to surface unassisted. It made it 8/10ths of the way up and ran out of steam ("killed itself" - poor choice of words for non tech people, would have scared a lot of punters on here) - meaning pressure losses were enough to prevent the oil from making it all the way to surface.
They conducted the test through slotted liner. The entire Unit 3 interval was covered and they had co-mingled flow from the three best spots. Other than circulating the drill fluid, they did no other clean up. Don't know if they have enough data to calculate skin effect. Lets see what they do and how it shapes up once they decide what to do.
Cant believe the sell off given there is an implied nearly 6 fold increase in Amistad resources. Getting close to another Varadero.
- Forums
- ASX - By Stock
- MAY
- Ann: Block 9 Alameda 2 Appraisal Update
Ann: Block 9 Alameda 2 Appraisal Update, page-259
-
- There are more pages in this discussion • 650 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
2.2¢ |
Change
-0.001(4.35%) |
Mkt cap ! $74.14M |
Open | High | Low | Value | Volume |
2.4¢ | 2.4¢ | 2.2¢ | $41.26K | 1.791M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 1303214 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.3¢ | 280000 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 1303214 | 0.022 |
15 | 2343584 | 0.021 |
21 | 3971251 | 0.020 |
6 | 1029920 | 0.019 |
3 | 566369 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.023 | 280000 | 3 |
0.024 | 4580550 | 11 |
0.025 | 1095997 | 8 |
0.026 | 2095955 | 3 |
0.027 | 1000000 | 1 |
Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
Featured News
MAY (ASX) Chart |