I can now report that Matra Petroleums’ current operation is well underway and proceeding as of 1pm today with NO problems. This is why the sp is on a charge. There are currently NO operational problems on the site. The packer is rumoured to be below the leak and pressure testing is thought to be on-going. This is to ascertain what the problem is and where it is located in the casing. Apparently according to our Schlumberger contact if the packer goes below the leak the company can isolate and pump the oil through the tubing. There are several remedies available to Matra depending on what they extrapolate from the data. This is a bread & butter operation in this region which is literally littered with workover rigs through-out the area it is a common problem. Looks like we could have some news within the next week or two, depending on what the company actually find.
PS.I will be interviewing the CEO of NTOG IN DUBLIN THIS WEEK. Watch out for the explosive interview which will be posted on here!