weekend reading :-), page-2

And this chapter is worth it also...

http://www.petroleum.dmitre.sa.gov.au/__data/assets/pdf_file/0006/178350/Chapter_6.pdf

Talking about

"the estimated ultimate recovery (EUR) for tight gas vertical
infill wells is roughly an average 3bcf per well"

" A recovery of between 1 and 2 bcf sales gas per vertical infill well is expected to be an economic result"

" 3 bcf raw gas recovery per well and a sales to raw gas ratio of 0.8" **** so 20% CO2 in the models (Aussie)****


"An LNG plant using over 1 bcf per day for 15 years will require around 6 tcf. If each well is assumed to access between 3 bcf (raw) and 5bcf (raw) per well, (with a 0.8 sales to raw gas ratio), then between 1,500 to 2,500 wells would be required."

"At these generalised rates to drill, case, test, stimulate, complete and connect each well, 2,500 wells for gas deliverability of between 2.4 bcf to 4 bcf per well over 15 years would require:
• 8-11drilling rigs;
• 2 to 3 work-over rigs (1 for every 5 drilling rigs); and
• 3 to 4+ fracture stimulation spreads (1 for every 2 to 3 drilling rigs)"


Our GSA is a about 1/3rd the size of about.

Are we beginning to understand the scale of the end project yet and why CVX is in (surely they are not in it for small potatoes).

ICN is the ground floor (basement?) opportunity - IMO.