Thanks ekulekulekul,
Yes, would have been nice to see aggregate gas flows increased from last update, however it reads as though the work-over rig for the pump upgrade on 15L has yet to commence. Good news is that (the way this reads) the gas flows have remained steady while 15L has been taken out of production. Ideally we get an update once work-over rig has done its thing, and the pump on 15L is upgraded / back on line. Thereafter i'd expect to see gas flows increasing once again.
Further acreage added to the portfolio is also a plus for me, given the company's strong cash position.
I feel share price is a little stagnant recently as the pilot is more or less binary - they either reach commercial gas flows (and upgrade min. 500 PJ), or they don't. I'm still confident of the upgrade, and would suggest the hydrogeological model has been refined - and draw-down of the pilot area simulated with greater water extraction from 15L - hence the pump upgrade.
good luck to all!
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