Every exploration well to date has been an isolated vertical science well for data gathering, following the Chinese procedures for reserves certification, so dewatering times have been slow. CBM development wells should normally be large patterns of vertical wells or horizontal wells so as to properly depressure and dewater the reservoir. The Company is pleased that the gas flow rates seen at LW3 demonstrate producibility even from an isolated vertical well, and combined with the geologic data gathered to date, confirm Liulin as a high quality CBM block.
MPO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held