Dargie,
I suspect you are actually on the low side.
7.5mmscfd only consumes 2.7 bcf pa.
I would assume that they easily get the targetted 20 bcf gross from this round and the past, and if they intially produce at 20% pa (hopefully while still building reserves) we start with 4 bcf pa (11 mmscfd).
Well deliverability looks to be there, very easy to puncture the ground with an extra shallow ultra low cost well anyway.
This has been worth waiting for, even if some desperado has to dampen the close, we've just about cleaned them out to 120.
EL
- Forums
- ASX - By Stock
- IPM
- 3.8mmscfd from 1 of 3 zones
IPM
incremental petroleum limited
3.8mmscfd from 1 of 3 zones, page-7
-
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IPM (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, Managing Director & CEO
Charles Armstrong
Managing Director & CEO
SPONSORED BY The Market Online