Blokes, I think that 5mmcfd would be considered very successful. I would expect a re-rating to 20-30cps based on that flow rate, but given the SP action of late guessing the SP is a mug's game.
However, I am setting my expectations of flow rates at somthing lower than that. It is kind of a "hope for the best, expect the worst" scenario for me, which is more about self-preservation (maintaining my sanity) than anything else.
The drill was near perfect and the gas shows and nett pay good. My primary concern is not water, but the porosity. ie will it flow. We know they are sitting on a tip-top reserve - let's just hoep they can prove it can be commercially extracted.
Cheers,
-Disco
GDN Price at posting:
11.4¢ Sentiment: None Disclosure: Held
