@The Mechanicflow rates are established and multiple production wells are drilled it will confirm that the estimates are very conservative. With the high pressures encountered, I have no doubt flow rates will be high and so recovery rates will exceed what has been allowed for in the calculations of the Prospective Resource."
... you forgot to answer critical questions on MAY ... bagging-out other stocks is irrelevant ... Mechanic surely you're not that reckless to maybe 'not know' basic well data and then be so confident ...
... posted the questions again to assist you Mechanic - it is close to inconceivable that you would not know these pressures, considering your outright confidence in the well and your 'production' dreaming ... which until a Well Test BHS etc confirms what you may have, is all it maybe ...
... what were the High Pressures seen on the last well ? ... ... what was the kick ? ... ... where is a BHS ?
... post-up a reported shut-in pressure on the last well ?... haven't seen one yet ... may go along way for hole evaluation. Don't reply with 'oh a 10K BOP', that means FA except a 5K was replaced, maybe due to pressure, but for example are we talking 2000 psi or 5000 psi or whatever shut-in ... the difference is vast ... do you even understand the question ? ... no one could answer this question some months back ... amazing.
... look ... try understanding [read slow] that maybe nothing is confirmed until a Well Test ... there isn't even a BHS ? ... while am in no way posting that the other well is a duster or uneconomic ... but imo there maybe a host of questions outstanding on that hole, see my earlier MAY posts with questions on that hole, including shut-in pressures. The clean-up flow [neg. skinF?] and test flows maybe interesting [GOR], water-cut [bottom zone isolated?], draw-down, well deliverability etc, but posting like the completion is a done deal and looking ahead to future wells is incredible [naive?] imo ...
Mechanic posted - "As I asked before do you know of a better story on the ASX, is it WWI or CHK, seriously, LMAO?"
... another stalker ... ok Mechanic ... well you keep asking, so imo CHK 100% any day of the year vs maybe this one ... CHK Directors buying [not selling hmmm], IOCG drilling adjacent the giant BHP Oak Dam hits and drilling out a newly CHK discovered Fault just 7km west of the BHP Oak Dam West finds ...
... CHK has a cash-burn and also maybe the best nearology play on the ASX.
Mechanic posted - CHK by year end will have exhausted nearly all its funds and found nothing, will probably need to do a CR at around .005, its burning cash at $1.5 million per quarter, had only $3.4 million at end of June."
... now you're lying ... CHK have been making progress and >70m Cu hits is not nothing ... try answering the questions pertaining to MAY.
... I've a few bets on down there on ASX and you think you know my trading ... LOL ... Mechanic as with your 'x10 wells in XX months vomit' you may only be considered incredibly naive ... carry-on ...
... you also fail to mention the MAY est. 3.3B SOI ... no wonder the threads a so busy ... all that paper on issue ...
... if you knew the huge variables [delays/costs etc?] maybe involved in what MAY has to achieve for a successful hole up-coming, you may not be so smug ... MAY imo have been performing extremely well on x2 holes ...
... am not posting that anything is good or bad ... just general field comments from an interested observer ...
... I'll standby on your reply Mechanic @Feral54@bratty@justinmetals other dreamers with the data on the High Pressures seen in the last MAY well ?
(20min delay)