RE: MMO6 Jan 2015 16:16
And now some oil !!
jane downs Tuesday 6 January 2015
Mercom Oil (MMO)The Company plans to start production from the existing wells
MMO significant oil discovery in the Chad Basin meets success
The investment in Maverick Petroleum has exposure to near term development upside in Chad.
Maverick Petroleum Ltd., has inked a deal with the Chad Government for the development of Sidigui Oilfield and establishment of a 10,000 barrels refinery.
Sedimentary structures and other analysis show that Sidigui sands were deposited from fluvial to shallow marine waters.
A faulted dome structure, the Sidigui field, contains several staked pay zones, reservoir rock is good quality sandstone with porosities ranging between 200 md and 500 md. Oil, gas and condensate.
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