"The Marti structure was initially encountered in 1988 by the Marti-5 well which recovered 24° API oil from a normally pressured section. Alameda-1 has now drilled the same section offset by about one kilometre to the south and also encountered oil but in a high pressure interval. Therefore, the Marti objective is divided into Unit-1, the normally pressured section intersected by Marti-5, and Unit 2, the high-pressure section intersected by Alameda-1. The two units appear to be separated by a fault identified on seismic data"
MAY Price at posting:
6.6¢ Sentiment: Buy Disclosure: Held
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