For me the telling point was the release of the Coiled Tubing Unit - this indicates there is no expectation of further intervention in the well to stimulate the flow etc., during production the testing. I read this as a sign of a good flowing well not liable to falter throughout the production testing phase.
The Y zone is at 1,720m TVD (June 6) and the indicated formation overpressure is 670psi (2Q report 30 June) - the flowing surface pressure will be much lower of course because of the hydrostatic column of fluid in the well bore.
I also hope for an announcement around mid week with some initial production data wellhead flowing pressures temperatures and/or composition of fluids information.
joatmon
OEX Price at posting:
17.0¢ Sentiment: Hold Disclosure: Held
