Post by
zeus55 on Jun 27, 2013 8:35am
More bad news
At least we now know why there was so much selling yesterday;
"The UMU-11 well was originally planned to spud in the third slot of the UMU-9 drilling pad. When trying to clean out the 20-inch conductor that was previously pile driven to a depth of approximately 300 feet, the UMU-11 well encountered an obstruction at a depth of approximately 275 feet. Retrieval and milling operations were attempted to utilize this drill slot, but were unsuccessful. It is believed that the 20-inch conductor is bent or kinked, which caused an obstruction. The rig will now be skidded forward to a new slot utilizing the existing drilling pad."
Comment by
mat_hog on Jun 27, 2013 9:59am
This means the rig has been upgraded and we are back in business as far as drilling goes.
Comment by
zeus55 on Jun 27, 2013 11:01am
"details on the forward plan for drilling UMU-11 in July"
Where did it say they were drilling UMU-11 in July?
Comment by
zeus55 on Jun 27, 2013 4:44pm
"The UMU-11 well is expected to spud in July 2013 once additional drill slot preparations on the existing pad are completed."
That isn't from the latest news release.
Comment by
zeus55 on Jun 27, 2013 10:53pm
My apologies. That line was not included in all of the news releases issued by the different wire services. One would think they would have to print exactly what the company said, and not their own version.
That is good to hear, as Mart needs to get more production lined up to fill that new pipeline.