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Geez mandurah you had me for a moment considering selling my OEX...

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makattack

31,884 Posts.

210

08/07/14

09:04

Post #: 13625578
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Originally posted by mandurah ↑

Chill,

Feel the same way re Anns after 3 years in the saddle. I have bought at 32c in the past!! Fortunately I also manage to buy at 5c, 7c, and 10c along the journey. Now sit with a nice bag of options only.

Nice to see last 2 fracs completed quickly and without issues. No leaks in the tree or extra plugs required
to seal the sections off from each other. 5 plugs now v expected 4. Pressure remains constant at 5000 psi.
I would expect milling operations to last about a week, quicker if all goes well as we only have the 5 plugs
to get through rather than 8-10 if it was a longer lateral. Still, they could really be over cautious once again
and it could drag out to 10 days or more.

Anyway, if we have problems again with the post frac milling then there is always the new Butt Plug, sorry,
The Plug-buster...............

"Once the fracing is completed there is only one thing standing between the wellhead and the flow of clean energy from below and that’s a string of composite frac plugs. The successful milling of these plugs depends heavily on selecting the right tool for the job. Time is money in this business so you don’t want any additional delays resulting in poor milling performance. Unlike other tools on the market the PLUGBUSTER was designed exclusively for milling out composite frac plugs. It’s the best tool on the market for milling out plugs and here are (5) reasons why:

1) NO MOVING PARTS – The PLUGBUSTER has a very strong 1-piece design that plows through frac plugs like a knife through butter. With no moving parts the PLUGBUSTER can be operated at much faster rotation speeds to make quick work of milling through a string of plugs. More importantly since there are NO MOVING PARTS there is no worry of parts breaking off in the well which often results in unnecessary tripping and fishing.

2) TAPERED PROFILE – The PLUGBUSTER features a unique TAPERED PROFILE which engages the plug then chews it up in small pieces.

3) DIAMOND CUTTERS – We use only the highest quality diamond cutters in every PLUGBUSTER. This allows the PLUGBUSTER to consistently mill out more frac plugs in less time than any other tool on the market.

4) FASTER MILLING - What makes the PLUGBUSTER the best choice for milling plugs is it’s ability to drill out virtually any type of composite frac plug. The PLUGBUSTER easily chews up plugs with cast or aluminum components too. Typical milling times range from 10 – 20 minutes per plug !

5) LONGER LATERALS – Longer laterals are no challenge for the PLUGBUSTER. You can consistently mill out 50 – 60 plugs with a single PLUGBUSTER.

We are proud to supply PLUGBUSTERS to energy producers and service contractors across the USA and in our established international markets including AUSTRALIA, CANADA, CHINA, COLOMBIA, INDONESIA, MEXICO, OMAN, PERU and the UNITED ARAB EMIRATES. New customers are coming on board every day as the word spreads about the effectiveness of the PLUGBUSTER and it’s superior performance in horizontal oil & gas well completions."

GLTAH

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Geez mandurah you had me for a moment considering selling my OEX shares and buying Plugbuster shares.

OEX Price at posting: 11.5¢ Sentiment: None Disclosure: Held
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