MAE marion energy limited
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  1. Red Baron
    4,562 Posts.
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    03/06/08
    11:55
    Post #: 3805878
    The Helper wells are coal seem methane (unconventional) which historically only flowed at 200-500mcf. The latest Helper well is in a new horizon (I presume conventional)

    Conventional wells usually have higher flow rates than Coal Seem Gas wells hence CC's historical 1-5mmcf.

    I'm not getting excited about the latest Helper well, I don't know much about IRR's but I doubt 1 well would add much - maybe some cashflow though.
    MAE Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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