They did this when they sanded in the Nomgon wells last year, so they may be rectifying a problem before it affects share price. Daydream was the last great hope for the company with the water table being so shallow in Mongolia.
This approach in daydrem-2 was always a long shot, microbead injection has only been done a handful of times in the USA and we have no expertise here to do it - I flagged the engineer early last year as a BS artist. Design and timing is smoke from my view for how the FK do we make this work now?
Even if they did succeed, the ask is for $25m wells that fail 1/5 to produce relatively marginal gains. Porosity and permeability changes in the fractures with this technique is one thing, but it won't create vast free-flowing resource needed to generate the BCF needed to justify these types of wells unless there's highly varied strata.
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