Their Qtrly report last week mentioned that cementing of the 5.5" Liner was Completed & the wellbore conditioned prior to rig release. So once the rig is offsite, they'll update the mkt on the timing for the test crew etc to arrive onsite & conduct flowtesting. Post cleanup, the results etc should provide any relevant trigger. Besides the wireline logs, samples, sidewall cores etc, they need gas composition (including any CO2), flowtest rates (MMCFD), Pressure readings/drops etc to lock in a 2C recoverable resource. So that will b the after flowtesting (i.e resource size).
3Dseis will happen at its own pace & that should help in understanding the extent of the Kingia Sands & then fine tuning the sub-surface model. So yeah there should b newsflow happening this month on dates/ timing & planned activities etc. Hope this helps.
NWE Price at posting:
2.4¢ Sentiment: None Disclosure: Not Held
