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13:27
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Originally posted by psi81:
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I do agree about the tight stuff in the Stairway at Mereenie, despite several attempts they've never shown that they will be able to produce it economically and I have my doubts that HZN are just going to come in and unlock it. That stuff is 2C for a reason. The horizontal well they drilled a few years ago was a total failure.
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"The field commenced production in March 2014 and produced approximately 87,000 barrels of oil to 30 June 2015. Low oil prices and the remoteness of the field led to the decision to shut-in oil production from August 2015. Production could recommence if oil prices recover significantly in $A terms and the reservoir displays good recharge".https://centralpetroleum.com.au/surprise-oil-field/
