FDM 0.00% 1.1¢ freedom oil and gas ltd

the facts and figures tell the story, page-27

  1. 8,720 Posts.
    lightbulb Created with Sketch. 81
    Paul, let me clarify for you.

    You are referring to the rapid production decline in MAD's wells as if:

    1. You have data which demonstrates this can be solely attributed to a faster type curve for MAD wells than the one assumed by the company for its projections on well performance. I question this because from the TRRC data I cant see how you could isolate this as the sole reason for the well production rates, versus other possible reasons like (a) the wells get shut in awaiting maintenance, or (b) some wells are considered marginal (versus others) and therefore shut in

    2. The production decline in MADs wells is an absolutely unique phenomenon that is totally different from production decline in the typical wells in the surrounding area or for that matter any conventional onshore wells.

    As for me challenging you rather than Paprika, I'm questioning you because I dont understand where you're coming from re the above, whereas I understand Paprika's calculations (and at least he's made the effort to post them) and therefore the statements that he's made based on them.

    Cheers, Sharks.
 
watchlist Created with Sketch. Add FDM (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.