MAY 0.00% 2.1¢ melbana energy limited

Put simply - they lost control of the well. TD was 3916 mMD, but...

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    Put simply - they lost control of the well. TD was 3916 mMD, but there was a "significant and highly pressured influx of oil and gas into the well bore at that depth" (ref: ASX announcement of 13th April 2022). The cement plug (250m) could not control it, so they ended up setting a liner below the shoe of the lower section and cementing it in place. In other words, a rather definitive P&A.

    Learning from this - There is oil in Marti. And it is highly pressured (hence the BOP upgrade).

    Kit
 
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