They have said there is a low operational risk with this well . I am not so sure . They have never drilled into one of these features before in the Basin As our expert geological posters have posted the HTD zone may have massive macro permeability , I think squidgy said something like The Nearest Thing to an Oil Tank you will find in Nature . I know that one Ladyfern well came in at 150 mmcfd . They may have drilled into the HTD zone and completely lost all circulation and be scratching their heads about how to proceed .
Let's hope for a pre open Monday A that we have finally cracked the code and have a massive oil discovery .
Hope for the best but prepare yourself psychologically that this is an 80% COF Wildcat well .
BRU Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held
