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Ann warro update, page-41

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reddragon

1,419 Posts.

03/02/16

18:32

Post #: 16934083
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Originally posted by aparryla ↑

OK at least some rational arguments from Marxist.
1) firstly opinions not based on misinformation
2) Flow rates may increase from the abysmal however we must remember that they will also decline significantly due to the nature of the reservoir. TSV have never commented on this
3) TSV does not have the money for further fracking or drilling work (will need to raise or get debt)
4) With point 2 are you referring to Warro 3&4 ? unsure but great water wells!
5) small fracture program probably cost millions to do so would expect larger to cost more A LOT MORE
6) I think the crew has moved off and the frac program is completed
7) whilst TSV may analyst different methods of fracs, they need more money (debt or equity should do the trick)
8) based on my math even 10 million standard cubic feet per day non stop is uneconomic at the capex paid and there is bubkis chance of getting higher than that for more than 30 days.
9) TSV don't even know what an economic rate is. they got lucky and are trying to ride it as long as possible
10) Do you really trust TSV management. for the last 2-3 years they have been planning 2 wells, not exactly hard)

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Talk about misinformation , you need to do a lot more research yourself.
Alcoa are paying for the drilling program

TSV Price at posting: 3.9¢ Sentiment: Hold Disclosure: Held
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