JKA 0.00% 0.3¢ jacka resources limited

chances of news today, page-28

  1. 35 Posts.
    unfortunately you cant just drill a well, have oil flow to surface and start counting your cash.

    a series of wells designed to most productively tap the resivior are required

    each well must be drilled and then all infrastructure like production trees and pipelines laid.

    oil must be processed

    worley parsons has done a very basic field development design,
    I believe estimated cost would be in the range of 150-200m (happy to be corrected on this)

    so do they have enough info from this well to drill a new well which, if it flows, could be suspended as a future production well

    OR

    do you keep trying here having blown 15-20m since the first blockage and risk blowing the same again with no more data to show other than a very red bank balance?
 
watchlist Created with Sketch. Add JKA (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.