The A-1 flow rate declined quickly after the initial rate of 4mmcf/d It was interrupted that A-1 hit natural fractures, but where not extensive. The gas charge is there as A-1 is only 400 meters away.
As stated by the last ann. There was limited horse power of the fraccing rig. So this could have an effect on flows.
I am very surprised at the flow rate of the "K" zone. I had pretty much written this gas zone off. Even happier that it seems they have nailed the problem down. (combo of oil,water blockages) and shows just how complex working 2+km under the surface is.
You wonder where the share price would be if 200-400mcf/d had been announced last year. We could be in a very different place than now. But it wasn't.
Very interested in the oil source. The "K" zone is an effective trap right through the Perth basin at a number of oil fields.
Solid announcement. Feeling pretty good about my investment.
NWE Price at posting:
4.1¢ Sentiment: Buy Disclosure: Held