Imo long as the wells produce handsomely who cares abount CR.
Iam amazed they got these 3 wells done under $1.5m and if they produce 1000bpd between 3 wells .
CR raise wouldn't be under .02 if all 3 wells are flowing above 500bpd.
I really like the way management have schedule the drilling first and then flow testing all 3 in one go.
Ann: Significant amounts of Oil & Gas evident in Magellan 1 well-AKK.AX, page-60
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