EXR 4.55% 6.3¢ elixir energy limited

Indeed.And interesting to remind ourselves that OMA are...

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  1. 2,511 Posts.
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    Indeed.

    And interesting to remind ourselves that OMA are re-entering an existing VERTICAL well (Canyon 1) to now perform a horizontal campaign (Canyon 1H).

    i.e they appraised vertically (and cost -effectively), and now they're spending more $ to drill up to 1100m long in a multi-stage stim & frac program assesing the Sandstones at the base of the Kianga formation.

    Shows you can (as w have with DD2) initially asses vertically (on the "cheap" ) to ascertain zone/s potential, then expand the data set by slanting/deviating and/or horizontally.
 
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