Ann: WE5 Production Test Update, page-2

Bugger.....any thoughts on whether this can be overcome....or is it a dud..!?

WE5 headline production rates were impaired due to ineffective completion and formation of reservoir skin with planned recompletion and retest in the coming weeks.

Instantaneous rates from WE5 were measured at 13.1 mmscf/d from two separate perforated zones over a combined 31-metre interval in the Kingia Sandstone, between 4,840 metres and 4,874 metres measured depth (4,613m to 4,647m subsea). The initial flows indicated a production barrier that the reservoir was unable to overcome through prolonged flow testing. This is interpreted to be skin from the filtrate from cement and mud invasion resultant from the drilling which has been amplified via the depth of penetration and ineffectiveness of the existing completion. The primary flow period was conducted over 77 hours at a rate of 5.1 mmscfd through a 64/64” choke, with 260 psig flowing well head pressure.