ATOCHA RE-ENTRY PROJECT UNDERWAY - OCTOBER 15TH 2009
It is planned that a rig will be on location within two weeks at which time a further update will be released.
We all know the plan, think FUT will start to rumble when rig is in place, This part of the release says it all
The HM Brian No.1 well which was drilled by Shell Oil in 1980. Petrophysical analysis has concluded that this well contains over 125 feet of bypassed Tuscaloosa pay sand. With the benefit of hindsight and some 30 years of experience in the Tuscaloosa Trend, experts have indicated that a discovery of this calibre would be completed for production. The first Atocha prospect will be tested by re-entering the HM Brian No.1 well.
FUT Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held