From Santos Quarterly report: "Production testing at the Tanumbirini-1 vertical well in the McArthur Basin resumed in September. Results significantly exceeded expectations with an initial peak gas flow rate of 10 mmscf/d and an average rate of 1.5 mmscf/d during the first 9 days of testing. The results at Tanumbirini-1 provide critical data to inform the next phase of appraisal, which is expected to include two horizontal wells with multi-stage stimulation commencing in 2021. The recent test results provide further confidence there is potential to achieve economic flow rates from multi-stage horizontal wells."
Our impending flow test and horizontal drill will most likely continue to prove the huge economic potential of Beetaloo.
EEG Price at posting:
40.0¢ Sentiment: Hold Disclosure: Held
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