"Preliminary confirmation of the success of the Multi-lateral design was obtained during drilling of the first Multi-lateral Production Pilot. During an open hole flow test carried out after drilling of the first lateral, the well free-flowed in excess of 1,800 barrels of water per day. During a free-flow test after drilling of the second lateral, the well free-flowed in excess of 3,400 barrels of water per day. The high free-low rates demonstrate that the lateral wells have maximised connectivity with the natural fracture network of the coal."
This is encouraging. The gas is there and the water is flowing freely, so there is every chance the gas will follow. I'm still underdecided whether or not to sell down part of my holding beforehand.
ESG Price at posting:
72.0¢ Sentiment: Hold Disclosure: Held