The only issue with Swell packers is they need hydrocarbons to swell properly. At such a high water cut I wonder if they would work properly?
I would favour either a sidetrack out of the cemented 9 5/8" casing (lets run a CBL log before hand to check it is OK 1st) or a new well entirely, if a well could be drilled concurrently with producing this one. Given NDO's track record as an operator this would be a big ask.
The major issue is getting funding from the JVP's and if that falls over then can NDO finance it alone?
cheers,
OM.
the way forward, page-19
Add NDO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
80.0¢ |
Change
-0.010(1.23%) |
Mkt cap ! $182.4M | |||
| Open | High | Low | Value | Volume |
| 81.0¢ | 83.0¢ | 79.0¢ | $151.1K | 187.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2340 | 80.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 80.5¢ | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| NDO (ASX) Chart |