dullafiddy, page-7

Well the next line of discussion that I would like you to turn your thoughts too is "Which layer is going to be the first Horizontal fracc"?

What??? ..... too soon you say .... not enough results .....

Well I am going to start the discussion for those who are brave enough to join to offer two possibilities.

1. My favourite .... Oil from the Kockatea.
Reasons :- 1. Easy to handle
2. Readily salable
3. Price is good and stable
4. Volume if the 15 to 20 multiple applies will generate great income.
5. Potential to strike a more permiable zone for higher flow rates.
6. Potential for multidirectional drilling from one well site.

2. My second choice ..... HCSS ...... Gas.
Reasons :- 1. Flow rates if the multiplier is correct will give enormous volumes.
2. Market is supply short
3. The price is in an upward trend
4. The Offshore developments may take longer to bring on stream than predicted.
5. 0.777mmscfd is expected to be surpassed when total clean up is acheived.
6. Only approx 15km from the existing infrastructure to market.

Righto you doomsayers have a go at that.