Post by
PingPong on Jul 16, 2014 3:39pm
UMU east and West
I am not a shareholder but am looking at taking a position. I am wondering the probability of hitting oil on UMU east & west? Have they shot 3D seismic over these areas? Based on the corporate presentation these should be drilled in 2014 correct? If the east and west prospects have oil this would be a large extension of the reservoir. Are they drilling east or west first? I can't get over the "pipeline losses" hopefully the new pipepline will eliminate much of that.
Comment by
vestor111 on Jul 17, 2014 9:22am
There will still be pipeline skimming but hopefully not much. The company has a lot of 3D dispictions of what they are tapping. How much they have covered is a good question. You can also ask Sophia in IR. But I am sure someone on the board has some knoweldge though.