Another article from smart investor and quote below; these were...

Another article from smart investor and quote below; these were on the Senex forum, I think it is worth a read..

http://www.afrsmartinvestor.com/p/magazine/shale_gas_tap_into_new_wealth_w7REI0kCrgCfTBANU2tpuO

I have pulled a couple of paragraphs from the article; which I think are pretty applicable to the up coming horizontal frac of Holdfast-2 through the Murteree shale and the vertical wells that have been drilled to date.

"This is going to be a pretty big year for the Cooper. In the meantime, the gas flow rates from vertical drilling are being used as an indicator of the potential flow rates from horizontal drilling and fraccing, which means companies are “essentially at the R&D?phase”, Strachan says.

“The real test will be when Beach and Drillsearch and the other guys come back and do a horizontal well with multiple stage?fractures – 2 or 3 million cubic feet a?day [flow rate] won’t cut it, given the costs?involved.

“If they can get 2 million cubic feet a day from a vertical well, then getting 7 to 10?million cubic feet from a horizontal well should be pretty simple,” Strachan adds.

And if they can achieve those rates?

“Then you’re off to the races,” he says."