whilst Aus2 may not be comercial in it's own right it has proved the comerciality of the area.
This well was a short lateral and has produced at rates comparable to nearby wells-FACT.
So when you develop a play you drill a shorter lateral to minimise cost if the area turns out to be a dud.
Now that that AUS2 has proven the area I expect the next wells will have longer laterals and produce at a much higer rate. Sounds like a good approach to me.
- Forums
- ASX - By Stock
- SSN
- announcement out!!
announcement out!!, page-31
-
- There are more pages in this discussion • 37 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)