ITC impress energy limited

thats 3 out of 3, right?

  1. 40,021 Posts.
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    So, Snatcher 1, 2 and 3 are now confirmed as producing wells over a distance of just 1.5km in a field of something like 100 km2?

    The company are targeting something like 2000-2500bpd by the end of the yr, for which ITC's share is 800-1000bpd? Thats a profit od something like $50k/day?

    Snatcher 1 and 2 have had initial flow testing and are due to come online pretty soon, and thats when long term production flow rates will be confirmed?

    Snatcher 3 will come online some time later?

    If Snatcher 3 has a good flowrate, they will consider a pipeline for the field?

    3D seismic is being redone and is to be announced some time soon?

    A resevoir study is underway to to establish the size/life of the field?

    There is capacity for a multi well field based on a 100% strike rate with the first 3 wells in the absence of decent seismic results at this stage?

    Santos is a neighbour?

    And the sp has barely moved since I bought in a couple of months back?

    Its an interesting hold for sure atm. Hopefully something has to give some time soon 8)).

    Dex

 
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