This seems like a less threatening thread to put my first HC...

This seems like a less threatening thread to put my first HC post in.

There is some speculation that 8700psi is normal static pressure at this well depth...I don't reckon anyone in their right mind is going to report uncorrected formation pressure (i.e use a gauge corrected value to offset background hydrostatic pressure). The fact is that this level of formation pressure and (historical) porosity and the fact there is gas lift sufficient to out lift the frac fluids and remaining drill fluids ( presumably trapped in a reasonably porous formation) points to a reasonable reservoir pocket/entry.

I think the GDN threshold for commercial production was 50BCF from memory (I stand to be corrected, my memory is equally porous)...assuming the formation pressure to be stable and (say) a 15-20% pressure die-back after the in-rush equalisation...you are probably looking at plus 100bcf and onwards (DYOR)...it really does depend on how the volumetric flow rate pans out and whether sustainable flow is likely (duh..!).

I hold, and am positive...and yes, I have actually been on a rig, been at thousands of wells and spent many years in places as diverse as Colorado, Saudi, UAE, Oman, Scotland (go the North Sea!!) and of course Aussie (yay!)...so I hope we all go well, and the bottom line is no-one knows but the rig pigs..lol :) Best of Luck

Also..I know nothing...so please don't harass me Mr ASIC...I am just a measly shareholder with an opinion...its mine and you should do your own research...