2.5MMSCF/day is the break even point.
We don't know the flow rate of the Lorelle zone at this stage.
We also don't know how much the other zones will flow after will have completend their fracking program.
Whilst I understand what you are saying - that 2.5mmscf/day is pocket money - we don't know what rate we will eventually flow from this welll, and therefore we don't know how much money we will make from this well. The market currently only knows that the lorelle flows higher than 2.5MMSCFD and is therefore deemed commercial stand alone.
So I honestly don't think you can already draw any conclusions about the technical and financial performance of this well?
2.5MMSCF/day is the break even point. We don't know the flow...
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Last
10.0¢ |
Change
-0.005(4.76%) |
Mkt cap ! $113.3M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 10.0¢ | $76.83K | 750.0K |
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| No. | Vol. | Price($) |
|---|---|---|
| 26 | 1213005 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 10.5¢ | 234529 | 3 |
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| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
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Change
-0.005 ( 6.98 %) |
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| Open | High | Low | Volume | ||
| 10.5¢ | 10.5¢ | 10.0¢ | 413241 | ||
| Last updated 15.57pm 07/06/2024 ? | |||||
| EXR (ASX) Chart |