Hardcash,Your downplaying of the gas production from the pilot...

  1. 428 Posts.
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    Hardcash,
    Your downplaying of the gas production from the pilot wells "coming from a VERY low base" is unrealstic.

    You surely cannot expect the six pilot wells to be intially producing high volumes of gas, given the Operations Update (27 November 2024) reported "All six production wells, including the existing three production wells, which are currently running on idle speed to avoid any potential reservoir damage, will be brought on production slowly over the coming 6-8 weeks in accordance with the Company’s reservoir management plan."

    And the plan is to deliver a commercially significant outcome this year, but TMK has stated it remains difficult to predict if or when commercial gas flow rates will be achieved.

    I know the risks involved so that's why I've invested on the basis it could be up to two years before commercialisation is realised, not 11 March 2025.




 
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