OTCPK:MAUXF - Post by User
Comment by
oullinson Jun 10, 2011 10:27am
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Post# 18698654
RE: RE: UMU 8 drilling plan -outlins?
RE: RE: UMU 8 drilling plan -outlins?You are missing a few things. 10,500 is an average production. the company never stated 14,500 in any document I know of. Some posters did but that does not make it official.
The company stated 12,900 in the presentation but that was not an average. UMU7 started only in early May. You can expect a lot of ups and down for the first few month of a new well.
What I get out of it is that April was great with 1.5 day of outages, May was great with 3 days of outages. We are way ahead of the planned 17% down time per month
Cheers