I'm leaving the ESG team alone at the moment .. they need a clear head I'm sure to deal with juggling everything that's happening at present.
Well you might say all eyes will be on the lateral results. So far we have only seen water rates from free flow (unpumped) and constrained. This type of completion in coals uniquely fractured and oriented is a first in Oz and it remains possible that the producibility will also be a "first" for Oz ... once well heads are completed and on pump. A while ago from looking at AOE dewatering data I posted the possibilities for time required to dewater .. in some of their wells it was only days and often only weeks before gas came through as well (and in one case it was coincident with first water). If ESG's laterals produce at 5-10 times what typical vertical wells do ... then we could see gas rates sooner rather than later .. IMHO.
H
ESG Price at posting:
71.0¢ Sentiment: LT Buy Disclosure: Held
