Here we go, just had a look at the quarterly.
Mound II targetting 5000MMCFD and 300+BOPD. This equals around 1100BOEPD. Our 40% stake in that would equal around 440BOEPD after declines (so about triple what D&L2 is going to produce for us. So I agree, that could be a significant well if its successful.
I'm not going to get too far ahead of myself after the letdowns at Sagers and Clifton, but it appears that the company has some good (albeit conservative) ballpark figures on the flowrates provided the well is successful. They thought of around 200BOEPD for the Dugas and LeBlanc wells and D&L1 unofficially flowed at around 230BOEPD, and D&L2 has initial flows of 515BOEPD. If we got anywhere near those targets for Mound II that are in the quarterly, then today's news could be just an appetiser for the things to come!
I see the light now, Mound II could be huge!
Here we go, just had a look at the quarterly.Mound II targetting...
Add GGE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.428M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 10491385 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 439033 | 4 |
View Market Depth
| Last trade - 09.27am 29/08/2024 (20 minute delay) ? |
| GGE (ASX) Chart |
Day chart unavailable