MAE marion energy limited

Ann: Targets Gas Production of 15 mmcf per day b, page-28

  1. 1,451 Posts.
    re: Ann: Targets Gas Production of 15 mmcf pe... sorry mate i was talking about spudding new wells. JS did say 500K to rework the already drilled wells. If they had no hiccups each NEW well should cost that amount to drill tie in etc. These current wells have already cost a few Mill at least each and still require more work. They are a few 100% over cost on what they should have been for each well.

    Also this 20mmcf per day figure is balony, there is no facts or figures to show stable production at these levels for any extended period of time. Maybe one well burped 20mmcf intermittantly but if you consider the field in the past produced about 55BCF from about a dozen + wells over 20 years+ or something the avg flow rates are much tamer.

 
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