AOE arrow energy limited
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gas extraction cost, page-3

  1. Isaminger
    23 Posts.
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    21/05/09
    08:28
    Post #: 5188106
    It all depends what area you're drilling in..for example a vertical well in the Surat may cost around $500k, but a double lateral in the Bowen would cost around $2m...

    Gas flows from each well are also extremely variable...

    I think $1.5m is overstating the cost of a vertical well, particularly in the good areas in the Surat...


    Most CSG companies (e.g. QGC, SHG, AOE, ORG) have stated the costs of a well in past announcements, just have a look around.



    AOE Price at posting: $3.92 Sentiment: LT Buy Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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