Doesn't really matter how many verticals it's equivalent to as the facility can't take it! It's volume we need rather than rate now.
Still, it's pretty exciting and great 'good news' headline story for the company, which is sorely needed after all the recent drama. IIRC Palm Valley still has the all-time onshore gas well flowrate record in Australia - 137 MMscfd on one of the early wells, and 70 MMscfd on another, both from verticals. So we could see much higher rates from PV13 yet.
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- Ann: Palm Valley PV13 Encounters Strong Gas Flows
Ann: Palm Valley PV13 Encounters Strong Gas Flows, page-23
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