SEH 0.00% 25.0¢ sino gas & energy holdings limited

Pumpkin Agreed with u lets get to ODP ASSP. But The SEH jv have...

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  1. 6,650 Posts.

    Pumpkin

    Agreed with u lets get to ODP ASSP.

    But

    The SEH jv have drilled 120 wells or so.

    And after all that drilling and testing what the best zone to produce from gas from?

    What's an initial target gas flow or a good IP 90 days.

    Not done, not defined, not released.

    In my view a terrible lack of normal tight gas exploration.

    The whole exploration methodology is so wrong in my view.

    In simple terms

    Not one broker or fund manager has looked at the risk that SEH can't flow gas. They assumed that you drill the wells gas will flow as per the model.

    So wrong.

    Hence my real issue is lack of long term gas production information as I have no way to evaluate if SEH tight gas might be econmic.

    Then the MD say above a commercial threshold.

    What does that mean ten or a million cubic feet above.

    Meaningless

    Likewise his comment today say all in cost less than USD 2 per mcf.

    Meaningless as there no ASX information released to support those number.

    Look I am sure the MD is Stressed at the moment but he paid really well and it's not that hard for him to sort these issue out.

    Release the information on his or SEH defined commercial threshold and publish the decline curves.

    If I was running SEH it take me less than a week and he already had 6 plus.
 
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