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0.00% 0.9¢ aj lucas group limited

Ann: 31 December 2016 Results Media Release, page-14

  1. striebs
    1,726 Posts.
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    24/02/17
    09:35
    Post #: 22867889
    Hatmopit ,

    Whilst the drilling of several wells including coring will hopefully take place this year , I got the impression that hydraulic fracturing may not start until next year .

    Unless they reschedule , I can't see any good news arriving from operations before raising .

    AFAIK they have 3d seismic this time and by the time frac will have down-hole arrays to carry out micro-seismic whilst performing a frac treatment .

    Not sure whether they plan to carry out a test frac of the vertical before drilling horizontal laterals .

    Anyone else remember what the plan is and hopefully correct me please ?
    AJL Price at posting: 34.5¢ Sentiment: Hold Disclosure: Held
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