whats happend to the flow rates, page-8

I'm a firm believer that flow rates are still important as they impact the IRR. If you want as much as possible jammed into the 1P category them flow rates are critical.

If you just cast your mind to the person/s doing the IRR and they inspect the wells

MAE says yeah we drilled all these wells look

IRR dude says that's great what's the gas production figures like

MAE says fantastic

IRR dude says show me
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At this point the conversation goes one of two ways.

1. Marion has fixed flow rates perhaps not to the optimal level but wells are flowing "pretty well"

or

2. Marion says we don't think flow rates are important. This is exactly what some people on this forum are suggesting MAE is saying/doing/thinking in relation to the IRR.


Come on folks if you want the big bickies and you want the big numbers in the 1P category then the wells have to flow. Gas flows are important.

It is my opinion that the IRR has been delayed until they have optimal or close to gas flows. That is the real reason why all the delays with the IRR have occurred.

The other point is the IRR is relatively simple to compile - it really is just about punching in numbers with a dash of estimates with some assumptions and bingo. It's not one hour simple but it is 1-2 week simple.

Also the IRR has been delayed since when? Late last year to be precise. When did MAE expect to have optimal gas flows. Late last year to be precise.

Subsequently when have MAE achieved optimal gas flows - not yet.

When have we received the IRR - not yet.