Saw that post too (on ASForums) - not too sure if they have any idea when the flow rates will be announced, however, you must SURELY expect to see something sometime soon. They are currently 3 weeks late.
Well if you do the math:
Based on 1 year drill life: Snapper A3 is targeting 331,000bo / 365 days = 906bopd targets share 25% = 226bopd
Based on 2 year drill life: 331,000 / 730 = 453bo Targets share 25% = 113bopd
Not too sure how long they want to drill this for, but I wouldn't mind seeing a 1 year drilling period based on the fact that we will have Highway 71 and Beyt #1A.
Still wouldn't complain with 2 years either :)
TEX Price at posting:
5.0¢ Sentiment: LT Buy Disclosure: Held
