Mind the GAP, page-5

Justin


I had to look hard to find where I gained the impression apart from the budgeted cost of the wells.

Page 5 of the Closing the GAP Presentation

“The net proceeds raised from the Equity Raising will be used by Central to fund a A$25 million drilling programme comprising a total of four horizontal wells, with no intention of fraccing, with the objective of substantially increasing Central’s gas reserves in time to have delivery coincide with the Northern Gas Pipeline becoming operational in the second half of calendar year 2018”

And…

Psi81 post 04/09/17

“These new wells are horizontal wells and that is usually actually better than fraccing a vertical well. A horizontal frac is the ultimate but that is very expensive and may not offer significant improvement over a plain horizontal well, particularly in a low permeability sand with natural fracturing which is what we have in the Amadeus. I fully support the plan to trial unfracced horizontals first.”

Regards
OGP