I am happy with 200 bar p(wh static) and a production rate of 5.000 m3/h. I would be excited if the production would be 10 times higher. This would be a game changing good gas well.
Don't understand me wrong. I am very happy that they discovered gas (exploration success rate: I still calculate with 1:10 ) and I am happy about the released number of 4.9 MMcft/d because this number will allow an economical gas production (as long as we do not see a steep production decline curve).
IF the or a main producing horizont can be identified and if this producing horizont got the right parameters, in the next step a horizontal well with 10, 30 ... frac stages could be tried to get a three, perhaps five fold ... production rate. But I do not know much about the experience with this technology for the geology at Vali.
MEL Price at posting:
2.7¢ Sentiment: Hold Disclosure: Held
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