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10.0¢ elixir energy limited

they didn’t mention flow rate, they mentioned that it is...

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BasVermeulen

645 Posts.

587

29/04/24

14:34

Post #: 73560679
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Originally posted by jctrout: ↑

maximum theoretical flow rate has increased under stimulation from 2.3 to 2.5 mmscfpd, so bugger all difference for the risk. This was the best section to stimulate and has produced a resource that has at best 1.4 bcf recoverable and will be sub-commercial within 4 years. GIP value would be around $1.6m for T/O evaluation on this section alone, pending further sections stimulation. remaining zones will need to produce a field of 20bcf minimum to make this a viable T/O target IMO and that will be highly unlikely, so vertical drills are unlikely to be viable here.
This is not even close to a Perth Basin analogue. It's a pup.

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they didn’t mention flow rate, they mentioned that it is commercial based on a break even point of 2.5mcfpd

EXR Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
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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($)
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Price($)	Vol.	No.
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Price($)	Vol.	No.
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