Front runners in the shale gas industry are starting to develop Super Pads, from which a 'spider' web of drilling can take place.
Cuadrilla has started planning this over two years ago, and all permits and its current sites are based on this advanced strategy, which is starting to get recognized. I attach an article detailing it.
Mind you, this means that Cuadrilla can expand its drilling at extremely low cost. Centrica has underwritten the cost for this, with the farm-in. On top of that Cuadrilla can attract loans once the flow rates prove acceptable, as Cuadrilla has no debt currently. This means we are leveraged for a long, free ride for the development. Coming capital raising is the last one, on the condition that the Oz operations do not screw up. Unfortunately, that is not a guarantee. The drilling division is in good shape, and the market is picking up. Overheads are now super low. The engineering and construction division will be decisive for the result swings....
http://www.post-gazette.com/powerso...r-sizing-their-well-pads/stories/201801140023
- Forums
- ASX - By Stock
- Super Pad Strategy
Front runners in the shale gas industry are starting to develop...
-
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AJL (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.0¢ |
Change
0.001(11.1%) |
Mkt cap ! $13.75M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 0.9¢ | $1.158K | 116.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 476435 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 280678 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 476435 | 0.009 |
4 | 1145000 | 0.008 |
5 | 1703834 | 0.007 |
1 | 200000 | 0.006 |
2 | 400000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 280678 | 1 |
0.011 | 211011 | 2 |
0.012 | 401111 | 3 |
0.013 | 249650 | 4 |
0.016 | 79432 | 1 |
Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
Featured News
AJL (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online