TMK tmk energy limited
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I think you have the gas rate and water rate confused.Water rate...

  1. twoUp2
    493 Posts.
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    12/01/24
    16:34
    Post #: 71854556
    I think you have the gas rate and water rate confused.
    Water rate is in blue, gas rate is in red, peaking around 18-24 months (rough estimate).

    5mmscf/d is good for a conventional land based gas well, but rates from CSG are much lower due to shallow depth/lower pressure and high water content.

    CSG needs much more drilling for commercial production - but drilling each well is cheaper and easier.
    TMK Price at posting: 0.7¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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