KEY 0.00% 0.1¢ key petroleum limited

For the late bloomers to this stock, some facts to ponder on....

  1. Ya
    6,809 Posts.
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    For the late bloomers to this stock, some facts to ponder on.

    SS-10 well (the much talked about on this forum) was the first well drilled on SS field in 25 years last year Aug-Sept. It flow tested 52 MMCFD, this could increase to 55MCFD on production.

    This well will take the prodn from the SS field to a total of 200 MMcfd from 6 wells alone.

    For the Sept 2007 quarter, total of 2416 mmcfd gas was sold by ORCA. Gas to power grid cost was US $2.19/mcf.

    The current configuration of the SS Gas processing plant limits gas supply to 70 MMCFD.



 
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