ACN 0.00% 28.5¢ acer energy limited

gas, page-15

  1. 2,988 Posts.
    They didn't say how much gas they were getting - I understand they are just going to pump it back underground in the flax field to augment the flax wells so it is not directly a paying well.

    This does reduce the potential 350 million barrel in place upside (which relied on this and flax 7 finding oil.

    Flax 7 now can only be to try to find the lowest known oil level, and as such there is a great chance this will be dry given that only gas was found in this well.
 
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