ERH 0.00% 2.9¢ eromanga hydrocarbons limited

I am going to review the announcement, get some professional...

  1. 336 Posts.
    I am going to review the announcement, get some professional advice from someone that does this for a living and I will then give you my opinion.

    On first glance, I don't know why you would be flow rate testing anything unless you knew there was oil flow. So this seems obvious, we had oil flow. Now to let the structure settle and pump test the oil flow.

    That means we get a flow rate in a few days time. In the mean time, we now acid fracture the sweet spot in the Riachuelo formation and hopefully get the same or better.

    I wish people could understand the announcement, because they would realise that it should have gone up and not down.

    The company could also have written the announcement in lay person terms so that we don't get the ridiculous posts like "oh it was only a 2 metre interval' or " flowed at 44 barrels a day".

    Get back to you today.

    Regards

    Kojasper
 
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