Mandurah
You seem convinced that opening the choke is the answer but i dont think it will make that much difference
This well has declined from somewhat over 1k to a quarter of that level on the basis of natural decline maybe aided and abetted by a drilling program geared toward gas flow not oil
Same choke as 76
So yes we have proved the concept of fraccing and recovering possible in India but we have yet to demonstrate we can do it commercially
we have one more crack at it and lets hope we choose the same area where we should know by now how to get it right
I fear the next CR will be needed and damaging
My dreams of oppies hitting 35 have been smashed and the best we can now mange would be 15...if we can get a second well in and demonstrate viability as well as concept
Like many I feel that it it just not worth selling oppies at less than 1c
\So big question for me is what can this weell produce when cleaned up.If we could get 200 and 1 mill I would consider it a huge bonus but that may be a pipe dream
OEX Price at posting:
8.1¢ Sentiment: Buy Disclosure: Held
