citi group downgrades esg to sell, page-19

Some numbers (for those interested) from AOE 2007 Mooranbah Gas Project:

82 producing wels - 82
Maximum single well producing flow rate - 2.1mmcfd
Field production rate - 45mmcfd

http://www.arrowenergy.com.au/icms_docs/29925_Fourth_Quarter_Activities_Report.pdf

The project is supplying 20.5PJ to Townsville pipeline and 1.25PJ p.a to AGL for 12MW powerstation. Not too disimilar to, say, ESG's ERM MOU and Wilga Park project.

By my numbers AOE was producing 0.54mmcfd per well. That's not unachievable for ESG IMO depending on whether the results for Bibblwindi West can be replicated generally across the field.

JT