re: Ann: Acrasia 5 Development Well - Progres...
Jazza we have 31.6metres of nett oil pay with all four targets coming up trumps. No need to do more drill stem tests as it will be producing next month besides they already know it's a goer. The 9metres nett of oilpay in Hutton sandstone has flow pressure at least as good as the Poolowanna Formation going from the wireline logs so that is another 900bpd there plus 8.1metres of oil in the Tinchoo Form'. Can't wait for the first Acrasia-5 production figures around the new year and then surely a new Acrasia field reserves estimate! Can the Acrasia oil production plant handle an extra 3000bpd?
STU Price at posting:
64.5¢ Sentiment: None Disclosure: Held