OXX 5.26% 3.6¢ octanex limited

manaia-2/2a at t/d and logging hc shows

  1. 1,027 Posts.
    Hope they get a good result and then release the rig to OXX

    "Manaia-2/2A Progress Report # 10
    Cue Energy Resources Ltd (Cue) advises that the Manaia-2/2A well reached total depth of
    2891m MDRT on 4 November 2013. At 0600 hours local time on 8 November 2013 the operator
    was conducting an open hole wireline logging operation. Since the previous report, an 8 ½” hole
    was drilled through the Mangahewa Formation, the underlying Farewell Formation and
    terminated in the North Cape Formation as planned.
    Elevated gas readings and oil fluorescence were observed in the Mangahewa Formation. The
    significance of these hydrocarbon shows will be evaluated by the current logging programme.
    Manaia-2/2A is located in PMP 38160 in the offshore Taranaki Basin, New Zealand. The well is
    operated by OMV New Zealand Ltd and is being drilled from the semi-submersible drilling rig
    ‘Kan Tan IV’. The well is located 1.25 km north of Maui-4 (which discovered the Manaia Field)
    and 6 km to the southwest of the Maari Field well head platform (map attached).
    Cue will provide weekly progress reports during the drill"
 
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