Agreed more wells at this pace (every few months) will help provide a 'production floor'. However as time goes the by the effect of each new well (on average) will not cover the decline rate in the other wells as efficiently.
What I and the market would have preferred to see is a slower decline rate over the months Nov to now in all 3 producing wells. These are dropping at rates far above the US average however admittedly this may not reflect Texas, I don't have that info yet.
Total production from each well is the critical ingredient for success.
Agreed more wells at this pace (every few months) will help...
Add BUR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $21.05M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 23303 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 50000 | 1 |
View Market Depth
| Last trade - 16.12pm 09/07/2024 (20 minute delay) ? |
| BUR (ASX) Chart |
Day chart unavailable