It is good to check out the realities. Sure the new testing of JH 3-13 has confirmed it seems to be a good producer and it is good to see that it is still capable of performing despite being shut down for a year and a half.
But it was quite clearly stated then, that while it can be regarded as a "commercial" well, 3-13 by itself will not be able to meet the level of production per day that was deemed necessary to be able to connect up the pipeline and deliver into the the system. A production level around 1,500,000 cubic feet and preferably 2,000,000 per day was needed to be able to sell into the system.
Therefore the other wells had to be, and have to be, made operative and "commercial" before you ever begin to bother about making calculations of earnings. So the next set of testing is critical.
I hope they have learnt something from before and can make the wells work but ........
NEO Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
