on every board some derampers .lost in the past ,simply failed to understand when to buy and when to sell .appear .as a deramper .clearly when its time to buy .i guess the shares is not for them .they lost all the way
oh i see..... your including the second prospect when they didnt even finish the first as they nearly sent the company under and risked everything on one drill! cant believe that more PI got sucked in here last week with a 100% rise which is now tapering off significantly. market makers were doing their job well!
This section from recent RNS that mentions 1.1bln...?
As a part of the work programme specified for the two-year appraisal extension, Max Petroleum has been granted permission to complete the drilling of NUR-1 on the Emba B prospect and, if it is successful, to drill the Kurzhem well on the Emba A prospect.Â The Emba A and B prospects have a combined unrisked mean resource potential of approximately 1.1 billion barrels of oil equivalent and are part of a much larger potential trend of similar prospects. As a part of the review of the results of NUR-1, the Ministry of Oil and Gas of the Republic of Kazakhstan recommended the Group organise a â€œTechnical Roundtableâ€ with experts in deep drilling including other operators in the area to evaluate the problems at NUR-1 and consider possible ways forward.Â A series of meetings were held with the experts and a protocol was issued, with the general conclusion that with certain modifications to the existing well design there is no technical reason the well cannot successfully be re-entered and drilled to the objective depth of 7,250 metres.Â After the completion of the Technical Roundtable, the Group began to work with Halliburton, a company with experience in managing deep drilling worldwide, to further analyse the reasons NUR-1 failed to reach target depth and the feasibility of re-entry. The first step was to conduct a geomechanical study of the well to re-evaluate the design parameters for the well. This study was completed in June 2013 and a conceptual well design and revised drilling programme have been prepared.Â The existing well bore will be used to a depth of approximately 5,300 metres, where a window will be cut in the existing casing and a new well will be drilled from that point. The new programme differs from the original in that it will use slightly higher mud weights, and it incorporates the use of â€œexpandable linersâ€ to create the possibility of setting an additional protective string of casing should the well again encounter any drilling problems. Max Petroleum signed a memorandum of understanding with Halliburton during the six months ended 30 September 2013, under which they will manage the re-entry of NUR-1 on behalf of the Group, thus bringing their technical expertise and experience to bear on this challenging and highly prospective project.Â In order to complete drilling NUR-1 and evaluate its pre-salt potential, the Group requires additional financing. Finishing the well and evaluating this high potential target remains a top priority for the Group.Â Â
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