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200- 400mcfd is the magic range, page-64

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18/06/16

23:20

Post #: 18065934
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Originally posted by rexsh ↑

Jazzasax,

"I would think they will need to re-enter the K1-3 and do a development well sizing UP to make them produce at the 1200mscfd rate desired per well. This way they will utilise the 3 zones plus a greater EUR and thereby relatively cheaper gas to market..."

I have a different view on that. My guess is they will keep pumping on K2 and 3 and see where they get too, and use K1 as the well to do trials on the VM3 and VU lower seams (plus potentially the coals that lie above all of that). I don't think that involves re-drilling. I just think they will use the existing klebb set to explore the potential of those seams and perhaps completions / pump arrangements / fracs.
The cost of re-drilling would not be significantly different than drilling a completely new well and I am sure with what they have seen they will want to transition to a full development well as soon as possible and begin the process or circular shielding.
I also believe that the more optimal pumping arrangement (ESP or larger jet pump) requires the larger diameter well, so i don't think they will spend money trying to optimize the smaller diameter wells.....better just to go for the holy grail once they get a full understanding of the dynamics of the latest K1-K4 completions and de-watering.

I could be wrong...

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gotta back you there 100% rexsh....exactly as l figured!

STX Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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