These wells are using lesser quality steel in the casings. A production well needs high quality gear that will last 25 years+
We won’t be producing from this well even if it is a commercial success.
Previous comments from Scott:
“Success at either well would trigger a “swift appraisal campaign”, Macmillan continued. “The rig is staying put. We’ve got some extra long lead items ordered, including an additional wellhead. We have enough casing to follow up with an immediate appraisal. The aim would be to try and unlock further resources.” https://www.energyvoice.com/oilandg...urce=contentstudio.io&utm_medium=referral
IVZ Price at posting:
16.5¢ Sentiment: Hold Disclosure: Held
