We are all very lucky to have Santos working in the C.B. Nearly everything from an Icon perspective was extremely positive, keeping in mind that these results are coming from the "shallower" sections of the C.B. and N.T. compared to ATP855. Even had an average flow rate of 3.1mmscfd from Moomba4, a vertical of only 3,368 metres.
What they get out of those 1,550 metres of horizontals in the REM zones,(done by Santos!!!) is something the really watch out for.
Santos are proving what Reg Nelson and Ray james have been "saying" for the past 2 years. Now it is up to Beach to be as efficient as Santos in testing our 6 wells, which, from what we have been told and what santos are proving, should confirm once and for all that APT855 is "something else again".
Cmonaussie, would very much appreciate you take on Santos's report in an Icon/Beach perspective. Thanks.
And anyone having doubts about how important that GSA "could be", just do the math on $30 billion over 20 years, with an issued capital of 620 million, plus the P/E appropriate to a 20 year term contract. That's not a pump, it is a very simple mathematical fact IF it can be put into effect, our current aim.
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