MAY 6.67% 3.2¢ melbana energy limited

Don't Sell Your Shares Cheap, page-322

  1. 3,176 Posts.
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    With respect
    I really think we need to wait for the flow test results to avoid pumped expectation disappointment
    2500 bopd isn't just a "good" number it's an exceptional onshore flow rate, onshore wells tend to deplet and level out quickly on your curve.
    Example of the biggest onshore well ( and maybe the highest flow rate of an onshore well In Australia) I've dealt with had an Initial flow test rate of 14000 bopd , this lasted several months due to only flowing it for 4-6 hours a day ( no flow line and constrained by limited trucking and daylight hours).
    This well is still producing on ESP at a rate of 300 bopd 9 years later.
    My point is, don't get hung up on Initial flow rates, yes the market loves high numbers but it's a long race, you want the resivour to give but it doesn't have to be 10000 bpd, it can be 500-1000-2000, they are solid numbers and adds up very well over a year, especially when you add multiple wells.
 
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