instead of drilling deeper they fraced tight formations with poor results
Usually when you drill a well, you concentrate on the formations which got the best parameters for an economic production. MEL have spent money on tight sandstones and I do not know if they applied the right hydraulic fracturing technique, completion for these sandstones. In my opinion they should have drilled deeper and concentrated on the sandstones with a better permeability. If there is gas in these higher perm sandstones they should have fraced these.And they selected a rig which had not enough capacity to drill deeper. To me it sounds all like rookie mistakes. And I am pi$$ed because MEL is progressing like snail mail.
instead of drilling deeper they fraced tight formations with...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MEL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.244M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1971941 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 7823136 | 13 |
View Market Depth
| Last trade - 16.12pm 21/06/2024 (20 minute delay) ? |
| MEL (ASX) Chart |
Day chart unavailable