OTCPK:MAUXF - Post by User
Comment by
oullinson Nov 09, 2010 11:56am
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Post# 17680621
RE: umu 6 results
RE: umu 6 resultsWe may be mixing a few things here. The testing includes a lot of paperwork to be done for the government and that takes a lot of time. We could see some delay there. Pressure reading is a different story. It could and should be faster.
What I do not know are the rules on what can be on a PR. Can they publish the actual readings or only what is authorized by the oil ministry?
Concerning the zones. UMU7 is set for 4 zones at a time. My understanding is that they start with the lowest commercially viable zone and move up as each zone gets drained. This limits the interventions during the life of the well.
This is all good. I am just a bit underwhelmed by the market reaction. We may still close strong, the day is young.
Cheers