GAS 4.17% 12.5¢ state gas limited

Hi Howiegood question - I don't think that its the flow rate of...

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    Hi Howie
    good question - I don't think that its the flow rate of each well that determines whether its a commercial field but rather the sum of all the wells. Not sure this is a good example but Galilee released this announcement today
    All 11 wells at Galilee Energy’s (GLL) Glenaras multi-well pilot are now on continuous production and performing strongly.
    Gas production at the pilot has reached a daily average of 50 million standard cubic feet per day — its highest measured gas rate so far.
    The project’s vertical wells also have excellent water rates, in excess of 9,700 barrels of water per day in aggregate
    The company expects the gas rate to increase in coming weeks, as reservoir pressure in the pilot area is lowered.

    So for GAS need to look at Nyanda - 4, 7 & 8 but ATM would seem a far way off being commercial
    AIMHO & DYOR
 
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