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Mart Resources Inc MAUXF



OTCPK:MAUXF - Post by User

Post by molymoneyon Oct 03, 2012 10:32am
540 Views
Post# 20442118

Swap production

Swap production

The UMU-10 well commenced drilling operations on July 4, 2012, and is currently at a depth of 854 feet in the 16-inch upper hole section. The 16-inch upper hole section will be drilled to approximately 5,000 feet. The next activity will include running and cementing 13-3/8ths-inch casing in the upper hole section. Drilling will then continue in the lower hole section with a 12-1/4ths-inch hole to the total measured depth of approximately 9,700 feet, followed by running 9-5/8ths-inch casing.

The main objectives for UMU-10 are the five oil and one gas/condensate bearing sands identified in the deviated (8-1/2-inch) deeper section of the UMU-9 well. These sands were previously logged and sampled while drilling UMU-9. The UMU-10 objectives are to test, and if successful, complete these sands for production.

MM: interesting that those sands are much thicker , great porosity, oil bearing and probably with higher pressures at greater depths. Speculatively high expectations maybe they can produce 8000 bod. If that was the case , when they drill horizontal wells in UMU 4 and 5 (possibly shutting vertical production off ) they enter the horizontals at between 3000 to 4000 ft and hopefully produce about 7000 bod each. Meanwhile we get a bump in reserves from UMU 10 (possibly 25%) The object i think is to get those lower sands producing as fast as possible to see the performance and decline rates to see just what we have their. Any future wells (exploration in SE OR W) could confirm those lower sands and wire log them, but not necessarily take the time consuming work of testing them..jmo. Interesting to ponder if the gas down their is capping more oil at greater depths. Wade thinks more oil is down their , but the higher pressures would require them to add a 15000 pound blow preventer about 50 ft high on the rig...but the rig they have is very capable of doing the 3000 to 4000 ft horizontals in the existing wells.

MM

MM

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