XST 11.1% 1.0¢ xstate resources limited

Their Net unrisked share (post royalty) is 37.4 bcf out of gross...

  1. Ya
    6,809 Posts.
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    Their Net unrisked share (post royalty) is 37.4 bcf out of gross unrisked resource of 141 bcf.

    CoS is 18.6% as per the table, so apply that figure to 37.4 bcf times IGV by SOI.

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    Plan is to drill to depth of 1800 ft below the freshwater table & run 13" casing.

    Once that is set they'll get into the Kione Sands around 2300' that are seen in the 5 offset wells within a 1 mile from this well. This is the reservoir in the Ord Bend gasfield. They'll run 9" casing around 6000 ft depth in the Guinda formation b4 drilling on towards TD. Their main Channel Sand target is at around 7900' with Basement prognosed at 9200' where they'll TD after drilling sufficient length of mouse hole for the logging tool. Hope this helps.

 
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