Wab,
Some thing a friend wanted on the net, so here I am (look into it to it tomorrow)
I"m definitely not suggesting a Red Gully abandonment now. The critical phase is when the depletion accelerates (flow rates decrease). Formation water will naturally increase as you keep drawing it closer to the well with extraction of reservoir hydrocarbons. I would not read too much into the current ERA2 submissions... could be another at any time. Could be something to do with the expectations of GGW-1 revival.
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