STX 5.26% 18.0¢ strike energy limited

hi specking,Why Bingham 2(B2H)??? I realise that B2H is approved...

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    hi specking,

    Why Bingham 2(B2H)??? I realise that B2H is approved on the TRRC and this would save on pad costs but B1H clearly has water issues - big time!

    From my limited (and recent) education about fracs and water I can only surmise that B1H has hit a fault and tapped into an underground ocean, thus the continued and expensive water cut problem. All of that frac fluid in, long clean up and time delays, only avg hydro production, now gas lift, continued water cut costs ($6bbl)... surely the JV will move on to another site rather than risk another water drenched well???

    BUT, unless in your own mind you are thinking along the same lines as me, you would never mention the B2H option?
    If you know/think something that we don't know/think then pls spill, even if it's only spec/thoughts?

    Cheers

    HC


 
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