Reckon Sheffield saw enough before signing over US$25m.
The Beetaloo’s ultra-dry gas nature (with <10% of frac water returning during early flowback) makes the first 24–48 hours of flow a much stronger indicator of likely IP30 than in wetter U.S. basins like the Marcellus.
- A strong first 24-hour gas rate in Beetaloo is much closer to true IP potential.
- If gas flows immediately and pressure holds, you’re seeing near-max productivity.
- Very limited transient phase compared to U.S. shale.
SS-1H Decline Chart
- IP30 Flow Rate (Normalised to 1,000 m / ~3,281 ft):
6.4 MMcf/d (Beetaloo Basin record at the time)
- Curve Profile:
- Day 1: ~18–19 MMcf/d (strong initial surge),
- Rapid early cleanup over first 2–3 days,
- Stabilises around ~6 MMcf/d from Day 7 onward,
- Flat tail from Day 10 to 30.
- Comparison Benchmark:
- T3H: 5.2 MMcf/d IP30 (previous best Beetaloo well),
- SS-1H clearly outperforms across the curve.
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Last
18.5¢ |
Change
-0.005(2.63%) |
Mkt cap ! $265.8M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.0¢ | 18.3¢ | $185.8K | 974.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 193880 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 165000 | 2 |
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