ESG 0.00% 86.5¢ eastern star gas limited

The big rig is heading back to Narrbri to drill the...

  1. 3,666 Posts.
    The big rig is heading back to Narrbri to drill the triple-stacked lateral (as soon as BOF's 2 month moratorium expires). So, what can we reasonable infer from this?

    We know that ESG needed to separately test all three seams. This data was needed to establish commercial flow rates, to book 2P reserves, and to demonstrate to potential customers/owners what kind of returns they would get in a full-field development situation.

    Once, and ONLY once, commercial flows had been established from all 3 seams would ESG proceed with the optimisation of the triple-stacked lateral pilot - there is no way ESG would proceed to combine the production of all three seams into one pilot if there was an issue with the production at Tintsfield.

    So, it is clear that Tintsfield is producing at commercial rates (the Hoskisson seam is commercial), and that seam will add considerably to the coming reserves upgrade.

    So whilst db might like to do his usual 'job' of scaremongering about Tintsfield and the lack of reports - a reasonable inference can be made by ESG proceeding to the next stage. No point combining all three pilot flows into one if there is a problem with one of them, is there?

    As DC has said since all 3 pilots have been in operation, "there's no doubt we've cracked the technical solution for the field".

    The information is all there, for those who want to interpret it correctly.

    Yaq
 
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