all good with E4, but E2 remains priority.
E4 went very well. uncounted gas over 3 formations.
E2 is still the priority well as this is the only well that's been side tracked.
last update 19/9 on the above was a mixed bag of fruit. one wonders whether or not it will flow commercial rate.????
a good question to ask the company "future side tracks, will the be drilled further than the first one.????. longer than 2,000 metres. *first was approx 570 metres in length*
also note the PSI in Riversleigh Shale Formation pressure of 45psi. little on the low side.???? could this be a low flow rate.????
this is still a very good news company with some exciting prospects.
if you're a long term holder, this will be at least 6 year plus hold.
indirect..
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- all good with e4, but e2 remains priority
all good with e4, but e2 remains priority
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