@2020MustangFirst up, the hard work you put into posting is much...

@2020Mustang

First up, the hard work you put into posting is much appreciated.

The slide-bar in the Elixir Model for additional CAPEX over & above cash on hand is set at $30,000 but I must confess that this is at best a wild guess.

The reason it is there is that if I look at it through PetroChina's eyes I would like to see at least another say 5 basons piloted to de-risk the potential variability in accessible resource concentration.

I would also like to see drilling performance & completion design/s (Slotted casing with multiple swellable packers) bedded down for multiple coal seams) tested and bedded down.

The fine tuning of this can have a significant impact on well performance.

https://endla.com/blog/swellable-packer-optimization

The above link to an article sums it up reasonably well




This whole process IMO is likely to take time & money & that's why the $30M was allowed for in the model as a place holder for this item which would need to include coring & possible 2C assessment prior to piloting.

Regards

OGP