Something positive today from MAY. Congratulations.
Although I am not sure how material this will be. Production wells will be cheap to drill for this reservoir, but care needs to be taken for a horizontal well. Need to have an idea where the water is, otherwise risk from premature water influx.
plus, kicking off to a horizontal section for a 500m TVD well might be problematic. I would say they will just drill a few vertical post holes and throw in some pumps and see what they get. It will be trial and error.
As I have previously said, my interest is in the two deep targets (Mardi and Alemada). If they can get these zones flowing to surface with decent pressure, then that will be a "rain maker", and worth the patience in this company.
A few comments on the pics in this tweet, and the ASX announcement.
No a good look flowing a hydrocarbon into a plastic container. Static electricity can create a spark, and up goes the rig. Be careful guys!
Plus the photo of the flow head in the tweet ( the red valves for the novice here). Pipe is connected either side of the flow cross. A kill side and a production side. I am not sure what side is what from the photo, but one side clearly shows a "chicsan". type connection, and the other side is partially obscured.
It's OK to have a chicsan on the kill side but not the production side, as these items are prone to leaking.
I'm hoping that when testing the deep zones they have First world type well testing professionals on the team, insisting on first world standards.
Bringing hydrocarbons to surface always looks good (especially with management in the pic), but blissful ignorance of the hazards doesn't cut the mustard with me, at all.
GLTAH
DYOR
Time for a surf (Bali)
Sam
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