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Mart Resources Inc MAUXF



OTCPK:MAUXF - Post by User

Comment by BlindBat_1on Oct 10, 2012 12:27pm
377 Views
Post# 20468915

RE: RE: RE: RE: RE: presentation

RE: RE: RE: RE: RE: presentation

I take it to mean drilling went beyond the previously announced total depth and discovered 8 new zones, hence the reason for a larger drill bit, and the fact that total depth was estimated to occur by mid September.  What to do, what to do?  Stay and drill umu-11 from the third and final slot on existing drill pad and go after some or all of the 8 new zones, or move the rig 2 kms. as per Oullins post yesterday? Nice to be in a quandary like this. Looks like we need another rig, and soon. 

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It would be nice if Wade could articulate his strategy with NRG, ie: NRG 101 went up in smoke, we collected the Insurance money and are operating with only 1 rig now. Granted that given the pipeline constraint there might not be an immediate need to start poking 2 holes simultaneously - but it would be nice to know if he plans to buy a second and more powerfull rig  for UMU, or is waiting for a new a field allocation at which time only then he would deploy a new rig to the new field , hence maintaining a single rig per field approach?
 
Just curious given that the initial plan was for 3 Rigs to be in-country., granted we had Ke and Qua in the cards back then.
 
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