note: scfd = standard cubic feet per day mmcf/d = million cubic feet per day typically mmcfd is used because until you are in the millions - the well is rubbish. (The s for standard is not used more often than it is)
That flow rate was for four hours so it wasn't stabilised yet. But lets assume it holds. Estimated well production for a conventional well is 6-8 years so 0.9mmcfd x 365 x 8 = 2.69Bcf
the estimation method is broad - but it won't miss by more than 20%
Given the size of the field - I am estimating approx 3km by 3km - there will be 2-3 wells.
I estimate they will need a SUSTAINED flow of approx 9mmcfd to reach their p50 estimate of 82Bcf.
For sustained flow - ignore anything that happens in the first 8 hours - and watch companies that give initials with no further update.
So - now I'll wait for what these "big kicks add up to"
"No Position" - but looking for entry
MEL Price at posting:
53.5¢ Sentiment: None Disclosure: Not Held
