FAR 2.04% 50.0¢ far limited

What does it all mean?, page-124

  1. 13,525 Posts.
    lightbulb Created with Sketch. 4614
    Hi Mandurah my understanding there are only thin sands in the outer regions and the extract below from CNE confirms that IMO. I understand your relief for being well clear of the unconventional drillers and the beauty of SNE is it is conventional and any horizontals will not need fraccing and the decline rate should be very similar to most conventional wells...although I don't know the Math involved a 1000m ( for example)horizontal lateral in sand that can produce 1000 Bopd on 24/ choke over 3.5m could be quite impressive....

    "So the second well will be SNE-3 and if you turn to the next page that shows where that is located. It is in the south of the field at this level in the map. And here we will intercept the upper part of the reservoir within the oil column and we will have an extensive coring programme here again probably 3 or more cores. Subsequently if we get the right kind of reservoir quality there will be testing here of the oil within the thinner reservoirs in the upper part of the field."

    Chees Whisky
 
watchlist Created with Sketch. Add FAR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.