OEL 7.69% 1.2¢ otto energy limited

for the history buffs, and to remind myself ..... I had...

  1. 1,456 Posts.
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    for the history buffs, and to remind myself ..... I had incorrectly assumed that F5 was a previous producer. Opps.
    From a much earlier BYE announcement

    The SM71 F5 well was jointly drilled as a D5 Sand acceleration well by Byron and Otto in early 2020.
    After evaluating the logs from the well, in Byron’s opinion, the SM71 F5 well only reached the upper
    10-15 feet of the objective D5 Sand but had to be abandoned due to difficult drilling conditions caused
    by sloughing shales above the target section making drilling any deeper mechanically very risky.
    Additionally, the outbreak of COVID-19 was just beginning, and it was deemed prudent to stop drilling
    and the SM71 F5 well was left in a manner allowing it to be sidetracked in the future. Byron is
    considering the best timing for that sidetrack operation considering its planned development activity
    at SM58.


    P.S., F5 D5-ST is going into a different part of the reservoir, so hopefully will strike better reservoir quality than the original F5-D% well, and hopefully more like F1 which is good.
    Last edited by gdn001: 16/08/24
 
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