Hi Trumpster101 & thecone,Both of you are querying my thoughts...

Hi Trumpster101 & thecone,

Both of you are querying my thoughts on the depth that MAY will drill to. I'd strongly expect them to drill until the mud log (assuming they are not running with LWD Logging While Drilling) indicates that they have drilled through what they consider to be the entire oil column. In the last ASX release MAY stated that they expected TD to be at approximately 4,000mMD.

The schematics that have been released are just approximations and on occasions can carry largish depth "errors".
- Slide 1 shows the seismic section with the position we're currently at and the oil show symbols which I've been using to key off a possible OWC based on the Marti-5 log results.
- Slide 2 shows the Marti-5 well log symbols I've correlated to the seismic section
- Slide 3 shows an expanded Marti-5 well log - note the comment on Trace Oil in Mud below the lower oil show symbol. IMO, there is a possibility that good oil shows in Marti-5 could exist below the lower oil show symbol and were NOT recognised during drilling due to high mud weights very likely being used.

In Slide 1, the proposed TD at 4,000mMD stops short of where I'd think an OWC may possibly extend down to based on Marti-5's results. This is very likely just a schematic depth error issue as I would strongly expect MAY to drill to at least below the Marti-5 lower oil show symbol.

Hope this helps.

Cheers
VOGC