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

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24/12/20

14:54

Post #: 49807369
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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.

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

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