we need to keep in mind, that fracs in existing producing wells also need to be re-fracced at some stage.
whilst evidently new wells are being drilled, some of these are having the fraccing process delayed until POO improves.
But I am informed that over time, the old fraccing material compresses, reduces permeability, and needs to be re-fracced.
so LWP should still have a market out there, even if it is only for refurbishment of existing wells.
4th March Corporate Presentation, page-233
This thread is closed.
You may not reply to this discussion at this time.
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)