EGO 0.00% 12.0¢ empire oil & gas nl

News Out!!!, page-15

  1. 5,453 Posts.
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    Hey Driller. As you are such an admirer of CM perhaps this might remind you of what the object of your admiration said about the B sands.

    "Red Gully-1 and Gingin West-1 recoverable gas is conservatively estimated at between 20 to 33 BCF together with associated condensate. The Company has tested the ‘D’ Sand and will not test the ‘B’ Sand until the ‘D’ Sand is depleted from production. It is not possible to test the ‘B’ Sand without isolating the ‘D’ Sand which is not going to be undertaken."

    It seems to me that lot did not know how to transition from and explorer to a producer and what the latter actually entails or even thought what they could do about future problems in extracting gas and condensate from the D sands as evidenced by EGO's board when they took over.

    Source: Announcement 24Mar2011

    DYOR
 
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