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Harry3539

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01/12/16

15:20

Post #: 21032309
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Originally posted by simonmag ↑

If this cementing squeeze goes well, (we have been told it has a HIGH chance of success, Oct 14 release), I wonder how long it will take to tie back in to the RG Gas plant.

Have they applied for a pipeline permit?

What is cost of pipeline?

Do they have a contractor?

It would be great to tie it back to the RG plant asap so as to have the ability to,

a; Run the plant at max capacity
b; have the flexibility to do maintenance on one well or the other whist still producing.
c; swing production to the highest condensate producing well so as to maximise revenue.

They have said that if successful this well, due to its proximity, allows for quick tie back to RG Gas plant.

Just what do they mean by that?? 4 months or 12 months.

I have been reading up on cementing squeezes and they really do not appear to be technically difficult, so I hope the preliminary aspects of the tie back process is well underway.

Cheers and good luck,

Simonmag

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Original Plan (2015 October Presentation)
Drill Q4 of 2015
Test Q1 of 2016
Marketing Q1 0f 2016
Tie-in Q2 (early) to Q3 (mid) of 2016

Current programme is exactly 12 months behind schedule. There are most likely plans already in place (access routes etc) however plans at the coal-face (ordering long-lead items, approvals etc) would have to wait on test results.

EGO Price at posting: 29.5¢ Sentiment: Hold Disclosure: Held
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