EXR 1.79% 5.5¢ elixir energy limited

Ann: SB Energy Sign Term Sheet, page-143

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  1. 3,123 Posts.
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    The man you see in the videos showing everyone the well site...has probably done more wells than we have had hot dinners.

    I think the team is exceptional and have a mountain of experience. I don't think anything technical has gone wrong in these pilot wells. Logistics has been an issue absolutely. Timeline dragged but technical work has been very thorough and well executed.

    The bogging of the downhole, probably silting up, is common early on and a workover for the pump is easy done. Even backflushing sometimes can rid the silt. Either way, absolutely not uncommon and part of routine work for CSG wells.

    Admittedly over a much longer duration as the pump efficiency drops off this happens as maintenance, but the issue to me wasnt unexpected or poor management.
 
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