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Sounds a little like an area they needed the 5th hole on to get...

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26/01/23

13:15

Post #: 65892967
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Originally posted by Desolutionary ↑

From the reading I've done I think the story of L7 is lack of tools back in the day to target gas accurately. Lots of miscalculated velocities etc causing target levels to be in different places. It didn't seem like there was any major issues drilling the existing holes.

Given the wealth of data they have from past drilling campaigns, the new 3D survey and new technology the amount of upside on L7 is crazy.
I imagine they can bring any resource they find online within a year or so of discovery given proximity to pipeline and the fact its on farmland with existing oil and gas infrastructure.

Still a year before drilling, can't wait to see what they target.

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Sounds a little like an area they needed the 5th hole on to get the paydirt

TPD Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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Sounds a little like an area they needed the 5th hole on to get...

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