Flow rate as stated will be after clean up??They have mentioned...

First 6 Last

Share
Profile

Follow
Sector

35,472 Posts.

2863

24/12/20

14:54

Post #: 49807369
Share

Originally posted by frmen1: ↑

I'm not all that happy with this. We were waiting on numbers, decent flow rate numbers, that were due at the end of November. Now that's been put back again to January sometime. It's possible we'll achieve the predicted flow rates but the delays are bugging me.
While I understand problems occur causing delays, we've had more than our fair share.
I'd be happy to overlook the delays if we were getting significant flow rates, but what we've currently got is 0.4tj/d ish, from Warroon, and we're hoping for 4tj/d+ for all 3.
The market doesn't like delays, and it doesn't like having to guess. We're seeing that yesterday and today with the sp drop.
And whilst I'm happy at the thought of new plays, potentially big ones at that, I'd rather have good current flows for Chrissy.
We need these wells to produce, we need the money.
Despite that, I used yesterday's drop to pick up some more.
I wish you everyone the best over the season, keep safe.

Expand

Flow rate as stated will be after clean up??
They have mentioned 30 days IP (which is STD practise) and also putting a well online to sales during cleanup.
so only 1 well completion delayed of 3.

No big deal, and explained and announced clearly by Armour

Damn, I wish other companys I own would be as forthcoming as Brad.

Last edited by Sector: 24/12/20

AJQ Price at posting: 5.8¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

LU7

Strong PFS numbers solidify Lithium Universe's big plans for Québec

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

TON

Triton snaffles 588 square km gold-copper play in Mozambique

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

DRE

Dreadnought (ASX:DRE) reports gold hit above 27 grams per tonne