LKO 0.00% $1.00 lakes blue energy nl

another interesting day ahead, page-32

  1. 5,261 Posts.
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    Speculating only, but here's what I found:

    "This will set a new fraccing standard in Australia and Lakes expects the results will be much improved on earlier attempts which had much shorter frac lengths. The point is highlighted by the fact that Wombat-2, will be added to the program. Even though it was fracced several years ago and has a measured substantial flow rate of 680,000 cubic feet per day it is believed the flow can be increased by extending the current fractures and by fracturing other zones in the well."

    Furthermore,

    "It is yet to be decided whether Lakes and PetroHunter will then elect to move the rig to the newly granted retention lease which encompasses the southern section of the former PEP 157 where Lakes has already made a number of gas discoveries such as Trifon, Wombat and Boundary Creek, again in the extensive Strzelecki Formation reservoirs and may drill Boundary Creek-3 or Wombat-4. Both are enticing proven tight gas plays.

    The fracturing program will envolve re-entering Hazlewood-1, Trifon-2 and Wombat-1, 2 and 3 as well as previous wells Boundary Creek-2 and Loy Yang-2 which have already been cased and suspended awaiting the frac treatment.

    The program involves the fracture stimulation of Strzelecki reservoirs in each case to a lateral penetration of approximately 500 ft radius from the well bore."

    http://www.pesa.com.au/vic_supp/vicsupp_9.htm

    JB

 
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