From the update in...

From the update in October...

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02300339-2A1259461?access_token=83ff96335c2d45a094df02a206a39ff4

The Company has awarded the 3-well stimulation programme to Condor Energy Services Pty Ltd (“Condor”) and Condor has mobilized the stimulation programme equipment to the Horseshoe #4 well site (see photo below). The Horseshoe-4 stimulation will commence shortly.

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Following the completion of the Horseshoe #4 stimulation programme, Condor will mobilize the stimulation equipment to the Horseshoe #2 well location to conduct a 2-stage stimulation programme targeting the same Triassic Basal Rewan targeted in the Horseshoe #4 well but also the deeper gassaturated Intra Wallabella sandstone. Following the completion of the Horseshoe #2 stimulation programme, the stimulation equipment and Condor crew will mobilize to the Warroon-1 well location to conduct a single-stage stimulation programme targeting the Rewan sandstone interval directly under the Showgrounds sandstone which has been the primary production interval for the Warroon Gas Field.

The entire three-well stimulation programme is expected to cost approximately $4.7 million and to be completed by the end of November 2020 with all three wells producing and flowing gas into Armour’s Surat Basin Gas Gathering System to the Kincora Gas Processing Plant for additional gas sales.