This influx of sand might have been anticipated, but it could not be avoided in my view. Oilex drilled out the plug and once the plug was breached the formation pressure pushed the frac sand into the well bore causing the twist off. The shallow twist off is in the vertical section of the well and should be relatively easy to overcome. The update gives details of the plan of action going forward.
OEX Price at posting:
23.8¢ Sentiment: ST Buy Disclosure: Held