Brucesterfer.
The A-1 flow rate declined quickly after the initial rate of 4mmcf/d
It was interrupted that A-1 hit natural fractures, but where not extensive.
The gas charge is there as A-1 is only 400 meters away.
As stated by the last ann. There was limited horse power of the fraccing rig. So this could have an effect on flows.
I am very surprised at the flow rate of the "K" zone. I had pretty much written this gas zone off.
Even happier that it seems they have nailed the problem down. (combo of oil,water blockages) and shows just how complex working 2+km under the surface is.
You wonder where the share price would be if 200-400mcf/d had been announced last year. We could be in a very different place than now. But it wasn't.
Very interested in the oil source. The "K" zone is an effective trap right through the Perth basin at a number of oil fields.
Solid announcement. Feeling pretty good about my investment.
- Forums
- ASX - By Stock
- NWE
- Ann: Norwesterly Edition 4
Ann: Norwesterly Edition 4 , page-29
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NWE (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
James Graham / Dr Alan Dunton
MD & CEO / Non-Executive Director
SPONSORED BY The Market Online