Ann: $5m Placement to Advance Windorah Gas Project, page-105

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Kipper01

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07/03/19

14:03

Post #: 37685947
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Originally posted by Ghp1 ↑

I have an idea just a theory nothing factual as to what is going on
I think they got t3 figures to market prematurely, and as a consequence it hadn’t reached peak pressure so they put on a bigger choke 24/64 to keep the market happy which gave out the 2.5mmcfd.
I think t3 had a 4 stage frac versus 3 on t2
The two well announcements where only 8 days apart.
Possibly to get the info to the market as quick as possible to get the A oppies over the line or price up for a CR.
We also don’t know how much condensate is being produced either, but that well t3 was a couple of weeks behind in the beginning for frac fluid recovery any way. Your GLR/GWR
When T3 starts back up after this pressure build up I’m expecting a higher pressure than what was reported on 29/11/18. And I believe they anticipated this as well and needed more time.
With more pressure they could leave the current choke on and get flow back towards 3mmcfd or if they have sufficient pressure build up, drop back a size or two 21 or similarish and get the same flow as before at 2.5 by protecting the well head/formation and extending the life.
There may be improvements in t2 as well.
In other words I think there is still a surprise to come.

Not investment advice, do your own research and consult a licensed adviser.

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Hope you're right Ghp1 … After all the murky stuff of late something bright and cheerful would be bonza news indeed!

Thanks for your theorising!!

RLE Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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Ann: $5m Placement to Advance Windorah Gas Project, page-105

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