July 31
The initial testing operations commenced on the open hole section with the lower C18 and C19 carbonates from below the final casing point at 3,600 feet. The Atzam #5 well intersected a major salt plug between the lower C18 and C19 carbonates which was assessed to compromise the initial flow testing operations. As a result the Operator laid cement plugs in the well bore to seal off the salt lens intersected. Testing then moved to the lower C18 carbonates in Atzam #5 located above the cement plugs in the open hole section, but this section did not produce a strong commercial flow rate.
As a result, the Atzam #5 testing operations recently commenced on the C18 carbonate sections located in the cased section of the well, starting from around 3,500 feet. The Operator is now using a larger 7 inch perforation gun for the remainder of the program, which will enable more of the targeted carbonate sections to be opened up to the wellbore, helping evaluate the true commercial flow rate potential of each zone. The testing program will move up
the wellbore to test each prospective section located behind the production casing identified from the detailed log date
Day or two after Trumpy talked to Ms Kelly
Aug 15
The Atzam #5 testing operations on the C18 section started from around 3,500 feet, and perforated 4 zones of interest. Oil and reservoir water was produced whilst testing these perforated C18 zones both individually and comingled, but not at material commercial rates.
If acid wash this is not undertaken, the testing program will move up to the C17 section which is the producing reservoir unit in the Atzam #4 well
(What also got released on this date. 3B 30,000,000 loan issue. Gosh haven't a lot of people been getting out since July.)
31 Oct update shows C17 zone above on A-5 is at 906.7m - 914.4m
So C18 showing even in commingled that it was not commercial from 1066.8m to 906.7m. They stop everything and have a think about it for 5 months with the Zone producing at A-4 just sitting there???? Really???
And part of "having a think about it" is to pick the rig up and work over A-2 to put the water from these unproductive zones???
What also got released on this date. 3B 30,000,000 loan issue. Gosh haven't a lot of people been getting out since July.
As for Mr 200%'s statements to market.
Here's a few.
RRS Trinidad MD248 spudded 30 Aug 2012. It wasn't until new management in 2014 that investors where told that the drill mechanize had been lost down the well.
9 Aug 3013 RRS
TEXAS ASSET $30M SALE FINALISED
3B with 140,833,111 shares and 35m options.
Never happened!
22 March. KAB
Off-take agreement executed with Sinosteel, China’s largest importer of manganese ore.
Agreement provides for exclusive offtake of an initial 180,000 tonnes of manganese ore from the
Company’s Zambian manganese projects.
Anyone wont to guess how much ore went to Sino? Not one gram! Very sad for the investors that brought on that news.
If you have a perf gun and you perf 4 zones that are not found to be commercial even when they are commingled and you have the very next section that has shown productiven just 1km away.
Do you stop?
Do you have a think about it for 5 months?
Do you pack up the rig and move it at cost to work over a well to take water for zones not to be found productive?
You don't!!
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