OXX 5.26% 3.6¢ octanex limited

Possible debris in the hole, presumably from uphole strata. So...

  1. 64 Posts.
    Possible debris in the hole, presumably from uphole strata. So afterall, maybe the Tikorangi isn't holding together too well:

    As at 6.00AM Sunday, 29 December, the Matuku-1 well in PEP 51906 offshore Taranaki had been drilled to 3167 metres after setting 13 3/8” casing at 1494 metres.

    A cement plug has been set across suspected debris at the base of the well and the next activity is to drill a 12¼” sidetrack hole to 3400 metres and set 9 5/8” casing.
 
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