OTCPK:MAUXF - Post by User
Comment by
molymoneyon Oct 11, 2012 12:48pm
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Post# 20473590
RE: Question on UMU10
RE: Question on UMU10 In brief i firmly believe their hopes and primary goal of UMU-10 was for it to be a production well, producing the maximum of four zones in the dual string i mentioned earlier. Anything putting into jeopardy failing to do that would have been a huge risk. That being said , they will learn much from the flows and declines in those lower zones, over time in production . An immediate gain if tests go really well is that we get a good bump in reserves :) At some point they will explore deeper , but why bother now as we have an elephant cash flow cow in all these sands down to about 10,000 ft or so :)
MM