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Msg  9900 of 25886  at  11/21/2012 1:37:24 PM  by

Oiljack

The following message was updated on 11/21/2012 2:14:10 PM.

MMT 2013

  * based on MMT's own recent presentations and a few OJ checks of "professional" investors.
 
 * MMT is planning on an aggressive 2013 drilling campaign.
 
 * they envision two drilling rigs and six wells for 2013.
 
 * the wells include an Umu East and West exploration well.  A third development well from the Umu 9 and 10 drilling pad.  And three horizontal development wells....two horizontals on existing verticals (Umu 3 and 4) and a new horziontal to be drilled into the main part of the field (Umusadege Main).
 
 * I would argue when and not if...but let's say if Umu West and East exploration wells are a success that would open the door for another four development wells (or more).
 
 * the next well should spud in the next number of weeks (where I dunno) and we should see a new rig coming into the area in the next quarter or so.  That means two rig drilling for the majority of 2013.
 
 * another developmental step forward for this team and their company.
 
OJ
 
 
 
 
 
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Msg # Subject Author Recs Date Posted
9901 Re: MMT 2013 dantes_virgil_inferno 0 11/21/2012 2:19:53 PM


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