RLE 0.00% 2.0¢ real energy corporation limited

Ann: Investor Presentation, page-72

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  1. 5,308 Posts.
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    Re Reserves Certification:

    Are any of our regular posters intimately familiar with the steps to establishing Reserves? From establishing flow rates - which has been done …. and gauging well pressure under shut-in conditions - which is happening currently, is there then additional final flow testing carried out as a final step before all data is then forwarded to the independent certifiers?
    (…. If memory serves me correctly I seem to recall SB mentioning flow tests following the month-long current shut-in, therefore beginning in a week or so? …. lasting a day? days???)

    There are reasons for everything … We know SB and management would be very keen to have Reserves in asap for the obvious reasons. Can anyone illuminate the rest of us why it takes the length of time it does from a to z when some think from first flow rates to Reserves is only "weeks" … ?

    Cheers and thanks,

    Kip
    Last edited by Kipper01: 18/02/19
 
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