EXR 5.71% 9.9¢ elixir energy limited

The prospective DD3 with it's deviated angle approach to test a...

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    The prospective DD3 with it's deviated angle approach to test a broader coverage area will be an interesting comparison.
    If commerciality is warranted at say 3-3.5 from a vertical (and much cheaper) well, then you'd assume the deviated approach would yield better results, and then a full blown horizontal and much more expensive approach, would yield even better results.

    As Neil has said in his various vide interviews, economic attractiveness is a product of a number of variable cost inputs calculated against the new "floor" price of $12AUD GJ (for domestic) and then, potentially, more for offshore LNG sales.

    Over a 500+ well program across our ATP, incremental savings and efficiencies then extrapolated at scale turn into very significant numbers (good and bad!). The number crunching on both sides of a prospective asset sale would be very interesting to observe!
    Last edited by Wonkers: 11/04/24
 
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