Ann: Operational Update - Myall Creek Well 4A, page-10

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rmkpro

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06/08/18

21:00

Post #: 34758732
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Originally posted by rmkpro ↑

$6.5 mil for the quarter was delivered with Kincora averaging 8.7TJ per day.

Below is from Myall Creek Well Program announcement in May and relates to the pipeline running from the field back to the Kincora plant. The 11TJ additional capacity would bring them up to the targeted 20TJ production.

PPL63 Repaired

In a further development, Armour advises that repairs to the PPL63 pipeline from the Myall Creek field to the Kincora Gas Plant have been effected and the pipeline has now been re‐rated to the original operating pressure of 10.2 MPA with capacity of 14 TJs per day of gas. Currently, the pipeline is carrying approximately 3 TJs per day of gasfrom existing producing wells, and the repairs enable future production capacity of an additional 11 TJs per day in success cases for additional wells at Myall Creek Gas Field.

Also below again from the same announcement, the compressor station has a manifold ready for the next five wells to be tied straight into with the production tubing capable of doing 10 mmcf p/d (10.6TJ).

6. Following the multi‐stage hydraulic stimulation, the well will be flow tested. Planned 2‐3/8” production tubing capable of maximum 10 million cubic feet per day production with a choke installed to maximize production over the life of the well with little or no intervention.

7. In tandem with the planned completion of the Myall Creek 4A well, a 4” pipeline will be installed to gather production to the Myall Creek compressor station where a new manifold will be installed to take an additional five wells including the Myall Creek 4A.

8. Upon completion of the installation of production tubing and gathering pipelines, the well will be turned immediately to sales.

So the reality is we could be much closer to 20TJ per day than we all thought depending on the numbers we see out of the flow testing!! Exciting stuff and well done to management and the contractors alike delivering all this good news.

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Also, this quarterly was the first time id seen 30TJ per day mentioned!!!

AJQ Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
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