psi81Your comment:"All I know is it's pretty serious and it's...

psi81

Your comment:

"All I know is it's pretty serious and it's quite possible they could lose the well"

Most unlikely to 'lose the well' with current technology available to remedy the situation with the stuck CT imo. Check out my previous post for the many remedial options available for frequent CT events.

Revisit the statement of Hector Gordon, a very conservative and cautious Director of Cooper Energy, in the last Jacka ASX report:

"It is intended to remove the coiled tubing so that testing operations may resume. Specialised cutting equipment has been mobilised to the rig to assist removal of the coiled tubing from the well bore. It is expected that, depending on the results of the ‘cutting’ operations, testing operations may recommence in another 7 to 14 days.

The Company takes a lot of encouragement from results to date and notes the comments from Operator,Cooper Energy Executive Director- Exploration and Production, Mr Hector Gordon:

“While the well has continued to progress slowly, the results have been positive. Our pre-drill reservoir model
has been confirmed by the fractures defined while drilling and the oil recoveries to date. We are confident
that the Hammamet West structure contains a material oil resource.

Whilst there have been delays, the results so far are very encouraging” said Mr Gordon."