Is my interpretation correct ?
Did the MAE QR Dec 07 predict Utah RR Well Production Rates to be similar to past gas flows in NON-MAE drilled wells in the region and assumed extrapolation to newly MAE drilled wells - And thus, would it be possible that the 1-5 million cubic feet per day flow rates stated and since, - lovingly caressed and re-quoted have never actually been attributable to MAE Utah wells?
The QR March 08 states Variable Production Rates dependent on the 'Clean up'
Is this a monstrous marsupialian mistake ? or a stockdoesntrule solecism ?
QUARTERLY ACTIVITIES REPORT FOR THE QUARTER
ENDED 31 DECEMBER 2007
Project/Operational Details
Clear Creek, Utah (MAE working interest 100%)
The Ridge Runner ("RR") 13-17, 11-17, 2-19, 1-30 and 11-20 wells have been
connected to the permanent pipeline and are now delivering and selling gas
into the distribution grid. Weather conditions permitting, production levels
from these 5 wells are expected to increase and then stabilize within the next
two to four weeks.
Production rates will then be advised to the market.
It is anticipated that these five wells will all be producing at their expected full production rates by approximately mid March, 2008.
Stabilized production of the OLD (PRE MARION) wells at Clear Creek WAS in a
range of 1 million to 5 million cubic feet per day, with most wells producing at
the upper end of this range.
Marion is confident that the NEWLY DRILLED Clear Creek wells on average
WILL produce at rates within this range.
QUARTERLY ACTIVITIES REPORT FOR THE QUARTER
ENDED 31 MARCH 2008
Project/Operational Details
Clear Creek, Utah (MAE working interest 100%)
• Ridge Runner ("RR") 13-17, 11-17, 11-20, 1-30, and 2-19 wells are on
production AT VARYING LEVELS , DEPENDING ON THE STATUS OF WELL
CLEAN UP
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