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stock_peeker

01/19/11 10:40 AM

#7925 RE: tmcal6 #7923

MMT.v/MAUXF.pk: I was disappointed at initial UMU-6 production of less than 3000bopd from only one zone. Was expecting commingling of multiple zones and production over 6000bopd minimum. There had to be some mechanical issue that wasn't resolved quickly. Well, sellers today seem to have expected more, too.

I like your point about 2011 being a year for ongoing positive announcements. Things should move on up thru the year as UMU-6 begins production from multiple zones (commingling up to 4 zones) and UMU-7 gets underway.

Big issue seems to be pipeline volume limitation, which is being addressed, but more slowly than we would all like, I guess.

IMHO, Mart mgt needs to assure pipeline thruput for increased UMU-6 and allow for similar production from UMU-7, even if they have to contribute to pipeline mods or build their own.

DigiTech

01/19/11 10:48 AM

#7926 RE: tmcal6 #7923

MMT production update

The production is not co-mingled due to a pump issue. As soon as that is fixed the production will increase and 5,000 to 6,000 BOPD is possible.

Not sure when we get the reserve numbers but that will have a significan positive impact on the SP. In the mean time wait!