OMA - chart, page-182

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trader_10

17,963 Posts.

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23/04/25

08:47

Post #: 78770731
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Originally posted by Grfe4: ↑

@trader_10: I think you have misquoted the flow rate from the recent Canyon-1H well. The 1.45 mmscfd relates to anticipated gas flow rate from a future 2000m fracced horizontal section, and there should be nearly 1,000 bopd of oil.
The Canyon-1H horizontal well achieved peak flow rates of 452 BOPD of light 49.5 API oil and 0.6 MMSCFD of gas from a 650m multi-fracced horizontal section in the target Canyon Sandstone reservoir. (Half of the 822m total horizontal section had high gas saturation on the mud log). Over the most stable 24-hour period, sustained flow rates of 321 bopd and 0.472 mmscfd were recorded with a wellhead flowing pressure of approximately 1399 psi while the well was on a 16/64” choke.
It is anticipated that the next development well will have at least 2000m horizontal section containing multiple hydraulic fractures with a completion optimized for the fluid system.
The 24-hour expected flow rate from the next well, which may have a 2000m horizontal section is 987 bopd and 1.45 mmscfd. I assume that OMA has decided that these flow rates will be required to achieve commerciality.

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Thanks Grfe4,

Well, whatever the company is planning and drafting right now to present in the market, it will be interesting....

As for the SP, 23.5c close yesterday is indicating more and more a possible outcome here...... a CR coming up soon?

If so, hopefully not below of 20c or the SP will go lower...

Interesting to see where it finishes by tomorrow afternoon.

GLTA

T10

OMA Price at posting: 23.5¢ Sentiment: None Disclosure: Held
2 Upvote

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(20min delay)
Last 30.0¢		Change 0.000(0.00%)		Mkt cap ! $102.9M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

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No.	Vol.	Price($)
1	320000	32.0¢

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Price($)	Vol.	No.
32.5¢	50000	1

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No.	Vol.	Price($)
1	320000	0.320
3	475	0.315
1	41916	0.300
4	20293	0.295
1	20000	0.290

Price($)	Vol.	No.
0.325	50000	1
0.330	100000	3
0.340	8800	1
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0.355	124315	3

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OMA (ASX) Chart

OMA - chart, page-182

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OMA - chart, page-182

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