I will pretty much know as soon as they give us a FTHP reading and flow rate.
If this flows upwards of or >1-2 mmscfd ( I'm not sure what's expected) ? I can only guess what a lateral well of some 1-2 km with say a 16 stage frac might do
Yes, thanks for all your informative posts Kangaroos67. Most of us here are perhaps used to the binary outcome of wildcat oil wells over the last 5 years such as FAR, CVN, PVD & PCL etc... They either hit oil or it's a duster & everyone knows instantly on announcement.
So, as this well is more complicated & news flow coming over the next 6 weeks, I tried to do some research, self-education, so as not to rely just on K67's& others interpretation of Siciny-2 updates.
The nearest example (in terms of flow rate testing) is perhaps RLE's Tamarama gas wells in 2018/2019.
Here are some of their operation updates from 2018/2019:
The first two below (Oct/Nov 2018) is about where we are at now:
https://www.asx.com.au/asxpdf/20181108/pdf/4403d3b857lktg.pdf
https://www.asx.com.au/asxpdf/20181119/pdf/440dnfp0j1cqkr.pdf
Then in Jan 2019 they were 'encouraged' and 'confident' by an initial flow rate of 2mmscf/day (which is what K67 alluded to in the above post)
https://www.asx.com.au/asxpdf/20190121/pdf/441zdn8mmm9q34.pdf
https://www.asx.com.au/asxpdf/20190129/pdf/44246hckhy5j8l.pdf
But by June 2019 (they went go-slow for a few months while they screwed everyone on the back of, positive news flow, with a 10.5 cent CR), they then announced their well test commencement:
https://www.asx.com.au/asxpdf/20190611/pdf/445r6f8rtkwmx0.pdf
By July 2019 it all went south as the extended flow test rates were less than they had hoped for:
https://www.asx.com.au/asxpdf/20190730/pdf/44703k1l2rhf70.pdf
So, two things emerge from this tale:
1. It appears ANA's management win in the integrity stakes so far (my opinion only)
2. Even more importantly, and the main purpose of this post, is that initial flow rates are only indicative and we won't know result until long term test is complete.
.
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I will pretty much know as soon as they give us a FTHP reading...
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