ERH 0.00% 2.9¢ eromanga hydrocarbons limited

discovery well, page-20

  1. 480 Posts.
    Well said Kojasper. He has pretty much nailed it on the head. Technically the 430 well is complex because it has three different pay zones, with each zone requiring different methods of testing. There are like 50 different ways you can test wells. So this one is going to take time. Thats why we have the work over rig in place, would have been silly to test this type of well with the Drilling rig. My guess is we will get full preliminary results in the next two weeks, and the company will continue to test the well to get the optimum flow rates using different techniques and procedures.

    The 430 well is distinctive, and should not be compared to any existing fields.

    People fail to realize with the shares being so tightly held, the shares can swing greatly, more than most. And a takeover or capital raising is the only options for institutions to get on board. Keep this in mind
 
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