EXR 2.11% 9.7¢ elixir energy limited

maximum theoretical flow rate has increased under stimulation...

  1. 929 Posts.
    lightbulb Created with Sketch. 577
    maximum theoretical flow rate has increased under stimulation from 2.3 to 2.5 mmscfpd, so bugger all difference for the risk. This was the best section to stimulate and has produced a resource that has at best 1.4 bcf recoverable and will be sub-commercial within 4 years. GIP value would be around $1.6m for T/O evaluation on this section alone, pending further sections stimulation. remaining zones will need to produce a field of 20bcf minimum to make this a viable T/O target IMO and that will be highly unlikely, so vertical drills are unlikely to be viable here.
    This is not even close to a Perth Basin analogue. It's a pup.
 
watchlist Created with Sketch. Add EXR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.