ASX announcement from the 20/6/22 was extremely compelling. Im staying and want to be invited to the 500 TJ gas plant MIN and NWE builds in 2024 as minority share holder.
Well Test Analysis20 June 2022 NWE Well testing operations were completed during March 2022, with a six-day test program confirmingexceptional well deliverability, reservoir quality and high quality gas composition across a 25-metreinterval of the Kingia Sandstone (4041.5m to 4066.75m, MDRT).
A maximum sustained flow rate of 102MMscf/d (million standard cubic feet per day) was achieved through a 76/64" choke, with a maximuminstantaneous gas flow rate of 117 MMscf/d; one of the highest rates recorded onshore Australia.
Subsequent analysis confirms that the testing objectives were met, with a high quality dataset recorded.Key insights from this analysis include:§ Absolute Open Flow rate for Lockyer Deep-1 (i.e. unconstrained by tubing) estimated at 190 MMscf/d.
Estimated70 Bcf to 110 Bcf gas-in-place connected to the Lockyer Deep-1well within the well testmaximum radius-of-investigation, representing an area of approximately 3km2 (refer Figure 2). Sand production occurred only at flow rates in excess of 50 MMscf/d, with no sand produced duringthe extended flow period which was conducted at lower rates.
High quality gas; estimated 87.5% methane and 3.9% CO2.
Estimated well-stream Condensate-Gas-Ratio of 3.2 bbls per MMscf.
NWE Price at posting:
6.8¢ Sentiment: Buy Disclosure: Held
