Billabong is on the Tofte 1 pad with Sail & Anchor and Blackdog; these are still producing at a good rate and are only 30 feet away at the well head (surface). A FRAC of Billabong would disrupt their production by 5 days. Savvy management decision to let Blackdog and Sail & Anchor continue producing while they complete two other wells also close by and then FRAC all 5 1/2 wells at once.
• Billabong waiting FRAC
• Bootleg 4 waiting FRAC
• Bootleg 5 waiting FRAC
• Bootleg 7 drilling completion waiting FRAC
• Bootleg 6 waiting completion, then FRAC
• Matilda Bay 1 finish FRAC of remaining zones
The delay minimizes the production impact of 3 wells Matilda Bay 2, Blackdog, and Sail & Anchor.
Besides having 6 wells come on line one after the other might call attention to the BOE/D number.
Sounds good. Bashers to be replaced by rampers soon
SSN Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held