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Ann: Quarterly Activities Report & 5B, page-36

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agentdownload

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23/01/19

15:56

Post #: 37201415
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Originally posted by rexsh: ↑

ADL,

I think 2-3 weeks at most and it will be back to where it was on the 1st. Probably 2 weeks to clean it out and then another few days to get pump back to speed required to get BHP to that 225psi sweet spot.
They may be able to clean it out with the "Rig-less" solution. If so then we could be a few days away from being back there.

You have to remember that they were working with very poor data from the previous management. They didn't have downhole pressure guages to tell them where that larger desorption event would occur. They had an idea of 200-300 PSI from Klebb 3 (they made a point of saying that in the announcement today).

The gas spike was expected somewhere down at that BHP, but they didnt expect it to be so big (a great sign of the productivity and gas content of the coals). That may be because they spent so much time dewatering very carefully and when they did hit the desorption window there were a lot more coals that came into the desorption window at the same time. If this is right then it means the reservoir is nicely dewatered and as long as that BHP can be maintained we should see a good build.

It is frustrating that this happened but it is a delay rather than a major well problem - as some have suggested on here.

IMO

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Thx heaps rexsh.

any inights if this will be resolved by rigless workover and what is the sustained gas flow rate required to declare commercial success?

thx again

Adl

STX Price at posting: 6.9¢ Sentiment: Buy Disclosure: Held
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