NDO 1.23% 80.0¢ nido education limited

remedial work, page-5

  1. 1,012 Posts.
    Initial fix was supposed to avoid fractures - it now seems that this is not possible (or flow is still coming up the old well and in through the window because of an ineffective cement squeeze).

    Alternative approach is to intersect as many fractures as possible and produce at a much lower drawdown...

    Unfortunately, most likely case is that the water cut will develop similarly to last time around - will be around 85% soon.

    Still worth holding some for the rest of the acreage and the farm-out potential.

    p1000
 
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