Bibblewindi 27 is the first vertical production well as part of two lateral “shield” wells to be drilled, one either side of the current Bibblewindi Lateral Pilot. The strong performance of this pilot to date has shown that it is drawing from a very large reservoir. To better represent the development performance of this pilot and to reduce the water influx from the larger than anticipated reservoir, the two shield wells will be drilled to allow the existing pilot to more effectively draw down the reservoir pressure within the coals in a timely manner. Each is designed as a single lateral drilled for approximately 1000m of in seam before intersecting a single vertical producer.
The technical know how of this company is mind blowing in what they are achieving, I'm only seeing good news in this report.
ESG Price at posting:
$1.06 Sentiment: Buy Disclosure: Held