Rot,
The well was called Marti-5, they had 750 m of oil shows and recovered 44 barrels to surface. The companies understanding was that the well was drilled overbalanced and therefore mud infiltrated the reservoir causing reservoir damage around the well.
It's a different issue but one that shows that these wells need to managed thoroughly to have balanced mud weights and to then eventually get a successful test done.
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2.2¢ |
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Mkt cap ! $74.14M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 17 | 4165970 | 2.2¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 1466587 | 6 |
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| Last trade - 16.10pm 23/06/2025 (20 minute delay) ? |
| MAY (ASX) Chart |