Did Ted say 30000? Any sources for that?
The only flow rate estimate I've seen was in Scott Pickfords Fusion analysis. He used an estimate of 16000 bpd. Running though my valuation spreadsheet I estimate that HDRs valuation would change by +/- 0.03 for each 1000bpd difference from 16000.
ie if the flow rate was 30000, HDR should go up 0.42 to 1.30.
I am pessimistic about the flow rate. Some of the expert oilers on this forum have pointed out that Ching2 has a compartmentalized resovoir which usually hurts the flow rate.
HDR
hardman resources limited
Did Ted say 30000? Any sources for that?The only flow rate...
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