re: Ann: Metgasco welcomes new rules for CSG ... Masterfoods
Exactly ... more specifically, if Kingfisher conventional gas reserves can be extended it could be amazingly valuable ... basically a drill and tap exercise with no dewatering, either start up or ongoing.
Also, their dry CSG reserves may attract increased interest now ... to me, it is about profitable gas extraction, not flow rates per se ... no doubt that their dry CSG flow rates are low by wet CSG standards, but to get flow rates of 100-200 mmcft/d straight after drilling without drainage and stimulation could now be quite commercial.
Dex
MEL Price at posting:
31.0¢ Sentiment: LT Buy Disclosure: Held
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