IPM incremental petroleum limited

3.8mmscfd from 1 of 3 zones, page-7

  1. 14,172 Posts.
    lightbulb Created with Sketch. 1106
    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
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.