Thanks. When we purchased the Roma Shelf assets, there were 76 wells; 38 of those were still viable, and the initial plans included the workover, re-perforation, and stimulation amongst those wells, as well as the digging of new wells. The existing wells are where the likely savings will be. Go and re-read the announcement of 2/9/15. Armour strongly believes that there is significant gas still down those wells, including at depths that haven't been tested. Have a read of the potential of Ungabilla 1, very interesting.
https://www.rigzone.com/news/oil_gas/a/23093/ausam_energy_finds_gas_with_ungabilla1_well/ among others. Ausam was definitely on to something before they ran into financial troubles. Just for now we wait.
- Forums
- ASX - By Stock
- AJQ
- Ann: Reserves Upgrade - Kincora Gas Project
Ann: Reserves Upgrade - Kincora Gas Project, page-12
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AJQ (ASX) to my watchlist
|
|||||
Last
10.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.31M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
AJQ (ASX) Chart |
Day chart unavailable
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
SPONSORED BY The Market Online