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Ann: Daydream-2 Operations Update, page-85

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Grfe4

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29/08/24

12:35

Post #: 75433891
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Originally posted by Stonksbonks69: ↑

I would somewhat agree to this theory as we know the coals would not give off the same flow pressure as the lorelle sandstone and as a result would be competing potentially. Too much pressure on the coals would not allow them to flow as easily and we know DD2 has a pretty high psi especially 4ks downhole.

However DD2 was just an appraisal well to see how our tenement area will perform which can of course be improved by the suggestions you've made and the team with more data on hand would be able to figure out how to maximise/utilise the best combination of flows to fatten the resource numbers up. I'd assume they'd share info with another JV company and they'd also have input to do certain things that will up flows for sure.

It's great to see that 2.5mmcf/d is our "commercial" breakpoint because i could almost guarantee that if DD2 can flow commercial from a first time vertical well then DD3 and onwards should easily be able to top the intial flows from DD2 here. Ofc they are potentially looking at a deviated or horizontal well for DD3 with the input of a large partner which would add more surface area to certain sections they are targeting.

Dont forget fellow investors that the long term gains will far outweigh the short term pains. It is the waiting that is the hardest part and they will eventually crack the code as Neil says for the best possible well outcome/flow rate. Management like any mortal men are not perfect in how theyve done things but ive seen great improvements updating the market on whats happening and what is to come. Dont forget there are some CEOs out there in small cap explorers that dont even have field experience in the gas industry so we are lucky to have a top team working behind the scenes.

A reminder also that other operators are working in the region, all gas is needed for demand in coming years and we would all benefit off someone's success in knowing what way is best going forward.

Mongolia is also a behemoth and I don't think Neil spent over a decade working to try and get our plot there and build relationships even in government to just sit on his ass and make it a "lifestyle" company as some might say

Just had to say my piece amongst all the garbage opinions about today's announcement being bad.

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Hi @Stonksbonks. Agreed, great potential ahead, just patience is needed in bucket loads!

It's worth mentioning that the flow potential is dependent on the drawdown pressure difference rather than reservoir pressure itself. The drawdown is the difference between the initial reservoir pressure and the bottom hole flowing pressure in the well. The flow rate from each zone is also a function of the Kh product of that zone (its effective permeability K times it's net pay thickness h) as well as the number of hydraulic fracs created in each zone. Cheers.

EXR Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
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Ann: Daydream-2 Operations Update, page-85

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Ann: Daydream-2 Operations Update, page-85

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