OTCPK:MAUXF - Post by User
Comment by
oullinson Oct 19, 2011 1:32am
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Post# 19161959
RE: RE: RE: risky business
RE: RE: RE: risky businessRaiderRoady, Good call on deeper zones. There is a more than a good chance that they exist, however it would be around the 12 to 15Kft level and that requires a very different drilling technology. Look for that in 2013. We have a very busy 2012 with UM9 in production followed by 10 and 11. Next stop for Q3 2012 should be the first horizontal. That type of well will be in the 10K BOPD range. Take your calculator and add it up :-)
There is a saddled structure between umu8 and UMU9 for the same zones we already have. This is why 9 is so important. The reserve people will limit the size of the reservoir until you prove that the zones continue to the next formation. I am expecting a big jump in reserves on April 15th 2012 when the next report is due.
Cheers