Dazza that can only be answered by a geologist there is a large ammount of science involved .
But when you have only one well and one stream of income you are probably even more carefull and the last thing wanted is the repution of cowboy driller status if you are eventually start looking for project finance .
What is encouraging is after a year they are still increasing the flow, it beats the hell out of a unconveventional drilling where you start with a 1000 bopd and a year later are at 200 bopd and heading south . Our wells when they do find the optimum flow are likely to deline at 3-5% per year not 60-70% in the first year and become stripper wells in 5 years..
With any luck what they have learned in the last year will, enable them to start this well at a higher rate.
Cheers Whisky
- Forums
- ASX - By Stock
- open up atzam 4 immediately!
Dazza that can only be answered by a geologist there is a large...
-
- There are more pages in this discussion • 45 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ETR (ASX) to my watchlist
|
|||||
Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.88M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
ETR (ASX) Chart |
Day chart unavailable
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online