18 Dec - over last 7 days each well producing 685boed (330psi) = (AUD $75 x 685 x 7)x2 = AUD $720,000 over the last 7 days.
Both note that they cannot time I to be choked back. I’m not sure if this is positive or expected of the decay is worst than expected. I’m no Oiler, but a 50% drop in production does not seem flash unless they are choked considerably and the expectation is they will free flow at a lower rate for a Li get period of time - can anyone assist in my lack of knowledge.
Good that the surface prep is underway. I would expect a contract confirmed early 2018, with drilling to start worst case March 2018, with the wells on line June 2018.
FDM Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
