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35.5¢ warrego energy limited

Ann: Quarterly Report and Appendix 5B, page-22

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thecone

7,348 Posts.

874

25/01/21

17:17

Post #: 50434435
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Originally posted by Al99 ↑

TC

In my experience, the reason budgets are exceeded are due to in-hole issues, where hydrocarbons are present. This is certainly the case in this project. Issues surrounding gas influx are a nice problem to have.

Remember Ironbark?? Drilled problem free and under budget, but dry as a nasty one.

Sometimes perspective is important.

WE4 and 5 are back closer to the original discovery, so I am presuming the issues will be lessened.

As an aside, I have done some work on the core issues at WE3 and I understand a lot of them stem from the size of the well bore and the aim to extract high flow rates from the well, ultimately. A more cautious approach to this and a more conservative drill design could ease the pressure on budgets and time lines. Hopefully they will listen to Aztech in this case.

Cheers, AL

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Good point and reminder ref ironbark.
Still hopeful we4 will give less surprises now the wagina etc are known entities.
Even we3 with any luck will prove a good problem to have had.
Be nice to have something shiny before we have to pass the hat again.
Gltahs tc

WGO Price at posting: 22.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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