So, Snatcher 1, 2 and 3 are now confirmed as producing wells over a distance of just 1.5km in a field of something like 100 km2?
The company are targeting something like 2000-2500bpd by the end of the yr, for which ITC's share is 800-1000bpd? Thats a profit od something like $50k/day?
Snatcher 1 and 2 have had initial flow testing and are due to come online pretty soon, and thats when long term production flow rates will be confirmed?
Snatcher 3 will come online some time later?
If Snatcher 3 has a good flowrate, they will consider a pipeline for the field?
3D seismic is being redone and is to be announced some time soon?
A resevoir study is underway to to establish the size/life of the field?
There is capacity for a multi well field based on a 100% strike rate with the first 3 wells in the absence of decent seismic results at this stage?
Santos is a neighbour?
And the sp has barely moved since I bought in a couple of months back?
Its an interesting hold for sure atm. Hopefully something has to give some time soon 8)).
Dex
ITC Price at posting:
6.0¢ Sentiment: LT Buy Disclosure: Held