Thanks for weighing into this discussion OMR - I agree - They really could do with some income to write those capitalised costs off against - however if WR failed completely, they would still have $20M in the bank and no debt and strong Turkish cashflow (they would just announce a serious loss next year - a blow to company image particularly with the instos?).
As for the chart - I agree - check how it was doing before Gocerler was successful!
Regarding the flow rate - if they achieved 5-6mcf/day it would prove that the air-drilling is effective - I guess they would drill a load of production wells? Is that their main capital cost? Wasn't a large % of the project cost on WR5 designing and building the air-drilling rig?
I recently read some files on their website - hidden under Projects/Australia/Perth Basin Information (down the bottom of the page) which seem to indicate that only a short pipeline would be required to connect to an existing network (and they also identified major potential customers).
Anyway my point was - commercialising the field is their main concern - everything else will just happen (when the papers read "Aust largest onshore gas field commercial after 35 of trying") - AYOO may even be in the money?
Anyway - time will tell......
AYO
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