“Following the end of the quarter, the stimulation campaign commenced across both wells. The SS-2H ST1 well completed stimulation activities over 35 stages across a 5,483-foot (1,671-metre) horizontal section, delivering average proppant intensity of 2,706 lb/ft. This exceeded all previous completion activities in the Beetaloo Basin to date and achieved wellhead injection rates above 100 barrels per minute (bpm).
The SS-2H ST1 well will be completed ahead of clean out activities and the commencement of initial flow back and extended production testing. The IP30 flow rates are expected to be released in April 2025.”
Bryan Sheffield’s approach to managing expectations:
”When you tell investors you’re going to make 79-80 bpd and it comes in at 120, that just sets off a huge track record” - Parsley’s first well
As a listed company, if there was material adverse news, we would know about it by now. JR told the market to expect at least 18.5.
It’s a bit later than I expected but there are still 3 trading days left in April. I remain confident that Shock ‘n Awe is the plan.
TBN Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
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