Composition of Resource
Refer to announcement 5th February 2016
125,000bbls condensate / 10,700tjs = 11.65bbls/tj (2C resource)
Consistent with Gin Gin 1
Pay Zones
Plan to perforate the 53m payzones. The best zones, the connectivity among them etc.
Leave this to the experts.
Flow Test
I would now think about the first half of April for a result.
The first test of what they spruke.
Production over time - your future.
Conclusion
Wait for the outcome of the flow test. Rachael you may now earn your keep - Cap. Ex. on tie-up,
Cap.Ex on plant expansion, ERM Loan , drill Lockyer etc. This company needs a farmin .
NB. Watch AWE share price Vs oil price
EGO Price at posting:
35.0¢ Sentiment: Hold Disclosure: Held