RE: UMU-10 There were 6 deeper hydrocarbon sands ( 5 oil, one gas condensate ) that were logged, below the 15 sands logged and confirmed as oil bearing in UMU-9.
Recall that only 5 of these upper sands were tested for UMU-9
The combined flow rate of the five sands tested in the UMU-9 well was 11,718 bopd.
Because of short-term pipeline constraints, only 2 of these sands are producing.
Other wells also have multiple oil bearing sands of which only a few are producing.
This is the beauty of Mart.
Its wells have very little in the way of production declines, because different sands can be tied in and co-migled, meaning very log reserve lives.
In addition, 2P reserves can increase substantially in a very short period of time.
As for the 6 deeper sands being tested in UMU-10, its possible that these too might exceed 10,000 bpd in combined production tests.
Buying on weakness is a no-brainer.