Interesting to look back at Kronos-1 flow rates, which were considered very favourable and they maxed out at 26 Mmscf/d.
According to Karoon, it has obtained flow rates of 26 million standard cubic feet of gas per day, but this was constrained by the size of the testing equipment.
"Basically it's almost the maximum flow rate that you could get out of the infrastructure that's there," company secretary Scott Hosking said.
"What it will extrapolate to down the track, I'm not precisely sure, but it's a large flow rate."
And:
EL&C Baillieu Analyst Ivor Ries said the test result "has proved beyond doubt" that Karoon and ConocoPhillips have made "a major discovery that will contain seven to 15 trillion cubic feet of recoverable gas," potentially supporting a two-train LNG development.
"As the well was constrained by a choke and equipment limitations, the well has proved a high permeability gas reservoir that should flow at rates of up to 100 million standard cubic feet per day from individual production wells," he said.
Mr Ries has increased his price target on Karoon to $12.88 from $11.33.
http://www.theaustralian.com.au/business/karoon-gas-comes-up-trumps-on-gas-tests-off-wa-coast/story-e6frg8zx-1225869363748
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