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Thanks Agent. If this is the case and Alvares was considered a...

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freakme

860 Posts.

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27/09/18

18:31

Post #: 35890538
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Originally posted by agentm ↑

the well flowed gas at commercial flow rates from my understanding of things, just off a DST..

so the idea that Alvares is a wildcat well is very much not the case

we have proven gas flow behind pipe, and for a very small spend, say $500,000 the well could be a commercial flowing well with some pretty nice reserves behind it.

rather than spend some 5 - 8 mill on a operator to drill a new well, a re entry and completion @ $500k on Alvares, with it being tested and perhaps perforated. that would be a nice month ahead!

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Thanks Agent. If this is the case and Alvares was considered a less risky proposition, then why was Dempsey the first one to make the cut?

TIA

Freakme

XST Price at posting: 0.5¢ Sentiment: Hold Disclosure: Held
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