Not being an engineer (lol) I agree with 101 Investor.
IF?? it is poor quality rock, if could mean 1) the drill bit went where it should have gone BUT the rock in that spot just happens to be too tight or 2) the bit missed the optimal target by a small measure. I can't think of any solution to Scenario 1. For Scenario 2 it would logically be posssible to redrill then refrac the target .... but back to what 101 notes ... we need to be assured of where the targets are.
The good news IS that in pumpng off only 3 stages, Aus II proves the play in this area, with a note of caution about the need to be very precise about target location and drill bit positioning becasue it isn't North Stockyard.
Confirms my view that FP is a goer if caution is applied.
Coiled tubing. Yep there can be some practical issues (there always can be) but this is the way to produce from multiple zones. We need a short ann. to note commencement of workover and strategy (if the reported conversation is correct).
cheers
SSN Price at posting:
5.5¢ Sentiment: None Disclosure: Held
