VUL 2.68% $4.00 vulcan energy resources limited

Just going through the PFS document to understand the...

  1. 262 Posts.
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    Just going through the PFS document to understand the excitement. Can a long term holder please point me at any well testing that has been done to support the flow rates in the PFS (page 14). The assumptions are 100 to 120 l/s for each production well. This is ~54,000 to 65,000 bbl/day per well. Over 2/3 of the resource is assigned to sands with porosities of only 9 to 9.5%. I can't find any permeability measurements. Even with fracture stimulation and long horizontal sections I think the assumed flow rates are heroic without any well testing to back it up. Happy to be corrected. Not trying to burst anyones bubble, just trying to find the missing data from someone who has followed the story for a while.

    Thanks & GLTAH.
 
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