"I don't believe that this is a sensational flow rate.
AJL got a million cu ft per day from a coal seam gas well in the Gloucester Basin."
There two important differences here. First, this was a test over only 5.5 metres of identified sands, and possibly not anywhere near the bottom of resevoir. The other sands could easily increase total flow significantly. Remember the big "gas kick" further uphole?
Secondly, CSG is methane, the lowest value of all the gasses. Depending on the composition of the Kingfisher gas, ethane, butane, propane in the mixture, you will normally see a higher BTU rating. Gas is priced by BTU value, not absolute flow.
Sometimes oils aint oils.
But as stated, this could open a whole basin play.
"I don't believe that this is a sensational flow rate. AJL got a...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MEL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.287M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 10272389 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 1086666 | 2 |
View Market Depth
| Last trade - 16.00pm 11/11/2024 (20 minute delay) ? |
| MEL (ASX) Chart |
Day chart unavailable