Are we to conclude that only about half of the 822m horizontal section contains satisfactory levels of gas? The minimum requirement was to intersect 600m of net pay. When a down hole too failed before reaching planned TD, I wish they had run back in hole to extend the horizontal section.
My feeling is the expected final flow rate could be disappointing.
First of all IVZ failed to deliver, then EXR, and now there is a distinct possibility we may have to "wait for a better result" from the next OMA appraisal well.
Ann: Investor Presentation-Bringing New Energy to East Coast Aust, page-3
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