Sprout, you are very knowledgeable. Your posts are informative...

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06/02/15

21:40

Post #: 14713203
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Originally posted by Sprout ↑

yes, i meant they could drill 5-6 this year. They will have the additional 2 wells drilled by end of April and flow back underway it would seem. So that would leave 3 more and they have 5 done for the year. I was using this as a comparison to the cost and ability to drill wells in the Perth Basin though. Ive been looking at the Perth Basin plays and there are some pretty interesting angles. You want gas for a start. You have Empire who it ix expected will drill 1-2 wells, you have ENB who have just farmed out to Finder Exploration who will drill one well. UIL are meant to drill a well but have no cash to do so nor is it likely they can raise any capital. I'm quite intrigued by the ENB play to be honest. Ive been through and looked at all the public info on Ocean Hill. A well drilled in 1991/2, completed poorly and flowed 700mcfpd. You need at least 5 mmcfpd to do something out there. But from what i've seen on the way the OH#1 well was drilled it wouldn't be hard. Im also intrigued by the inclusion of Finder. Their typical MO is come in early, do the G&G, add value and farmout. Yet, here they are, some of the best G&G minds in Western Australia farming in. I like this, will watch. Good article here and lost of info on the ENB website;

http://www.ogiaustralia.com/eneabba-all-fired-780446#p=full

Im off , have a great weekend. Go PYM!

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Sprout, you are very knowledgeable.

Your posts are informative and appreciated.

PYM Price at posting: 0.7¢ Sentiment: Buy Disclosure: Held
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Sprout, you are very knowledgeable. Your posts are informative...

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Triton snaffles 588 square km gold-copper play in Mozambique

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