Beetaloo extended production test successfully completed Origin Energy Limited (Origin) today announced the successful completion of an extended production test (EPT) on Amungee NW-1H well. The EPT concludes Origin’s 2016 Beetaloo exploration campaign in the Northern Territory. EPT summary: Initial production, as measured over the first 30 days, was 1.16 terajoules per day (TJ/d, equivalent to 1.11 million standard cubic feet or MMscfd) 66 TJ (63 MMscf) was produced over 57 days of the EPT, at an average rate of 1.15 TJ/d (1.10 MMscfd) The final rate of the EPT was 1.12 TJ/d (1.07 MMscfd) Completed safely with no environmental incidents. A final discovery report is being prepared for the Northern Territory Government’s Department of Primary Industry and Resources.
We are luckily at the center of it all and most leveraged!
CTP Price at posting:
20.5¢ Sentiment: Hold Disclosure: Held
