'throw away comment' was actually in relation to flow rate, not recovery...ie 'restricted flow'. So hopefully we will get a higher flowrate than expected.
I think that is reflected in that their development plan is for 2,000 BPD but only 14 wells...which seems to imply an expectation of 140 barrels per day. ie the other wells are expected to flow higher than the discovery well.
Not surprising as it would be rare for the discovery well to hit the 'resource' in the optimal area???
As for recoveries...I think they have been quite conservative in their estimated recoverable reserves and think we will see a higher recovery rate eventuate. Though that is only a personal and uneducated opinion.
Cdchi1
ERH Price at posting:
12.0¢ Sentiment: LT Buy Disclosure: Held
