NDO 2.33% 88.0¢ nido education limited

Potential actions to solve the problem:1) pull slotted liner and...

  1. 1,012 Posts.
    Potential actions to solve the problem:

    1) pull slotted liner and run a 3-1/2" liner and cement, selectively perforate and acidise, use a casing patch if one set of perfs produce water and need to be shut off.

    2) pull slotted liner and re-run with blank pipe and swellable packers to isolate the annulus of the old well at the casing exit point.

    3) abandon existing sidetrack and sidetrack out of 9-5/8" casing (where there is good cement).

    4) drill another well while continuing production from the current well (and once online work over this well as above...).

    Problems with the above:

    Getting agreement from JV partners... I'll be very interested to see what TG World have to say about all this - they have already been rattling the tin and were banking on cash from T-1 ST-1 to repay the recent borrowings. Logically this should be fixed ASAP but from past behavior we know that it will take months for any action.

    I think what is needed is another farminee to take a bit more of KIK's stake, half of TG World's stake and hopefully none of NDO's... It is not out of the question... I'd farm in if I had the $$ and the control to get this thing fixed!

    p1000

 
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