For the geologically minded, how significant is the statement "The well has been flowing back on a gas lift recovering 300 - 500 barrels of fluid per day and through 30 June 2012 had recovered approximately 25 percent of the load water. The well has been cutting oil and natural gas since it started flowing back. The well is flowing back slower than expected due to low volumes of supply gas from the gas gathering system.", especially the last part re "low volumes of supply gas" ?
Obviously the market has been keenly following the progress of the first Mississippian well, and if the update above indicates technical flaws/challenges in this area, the market response is not surprising. I'd be interested to hear a knowledgable perspective on this.
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- Ann: June 2012 Operations Update
For the geologically minded, how significant is the statement...
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