The "part thereof" term means that a well which has been reported on over a a period of a 30 day month may have only actually been turned on for 16hrs in total. A 30 day month has 720hrs in it. Its easy to see that the number dont reveal 30days of 24hr periods of being turned on. Hence we saw a report regarding last decembers flows when we were told about a CONSTANT (and rare event throughout testing) period of the taps being on for 24hrs. Generally,m that is not done and so it was important to release such a result to market considering it went at 7million cubic feet per day consistently and without interuption. Then they turned it off. Why? The other wells that were not purged would have required constant priming due to pressure the high quality gas would be wasted - not as much water in that well. It appears smarter to wait for the gas over the holes to settle, pressures to stabilise (sometimes takes a year when encountering ridiculously high flows and we had a irregular flow of between 2 - 10mcf last year on one through testing and so it was placed into dormancy in liue of settling pressure). Notice that its been almost a year now? Hence, flows may well be harnessable now and unlike the brumby-stallion style wells (wild cat?) that we were trying to direct previously...thats my wish anyway.
L
MAE Price at posting:
37.0¢ Sentiment: None Disclosure: Held
