In the past 6 days, they've milled the 5 plugs above the Lorelle Sandstones and already recovered more than 40% of the stimulation fluid.
Now that they've got a steady stream of positive news flow and aren't having to prop up the SP with overly bullish timeframes to create FOMO, Ithink that Neil and the team have learnt that its better to overestimate timelines and equipment requirements than underestimate.
I wouldn't be surprised to see the clean up completed in a couple (2) of weeks by the 9th / 10th of September (only 11-12 days time) rather a few (3+) weeks, 16th - 17th September.
Additionally, we've got the resource experts assessing the resource and upgrading the estimates for the coals which might surprise us positively in the interim.
EXR Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
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