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Waitsia Reserve write-down : a warning sign for Lockyer Deep, page-5

  1. andyno3
    11,014 Posts.
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    31/01/23
    15:27
    Post #: 65980065
    estimate of the Geological Chance of Success
    (GCoS, Kingia gas) for NED-1 is 74% 2
    . Both Lockyer-2 and NED-1 in the success case will be cored within
    the primary Kingia reservoir section and will be production-tested and completed for production.
    NED-1 will also test for oil potential within the Arranoo/Dongara/Wagina formations as a secondary
    objective, given that the North Erregulla-1 well (1967) recovered 38°API oil on test from low poro-perm
    sandstones.

    Reasonable risk, considering all the other info around.
    NWE Price at posting: 6.9¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 12  Upvote
    lightbulb Created with Sketch. 1  Great analysis
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