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I think everyone is hurting now. The problem now is if the flow...

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Albright

1,815 Posts.

24/10/14

01:04

Post #: 14173697
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Originally posted by mandurah ↑

Big test will come soon as regards update on flow back. 17/9 ann states well intervention complete, so I am
assuming it was flowing from this day at least, as work-overs preceding this took 4 weeks. So the last ann
on 8/10 states it took 13 days to retrieve the plug. Assume 13 days well shut in. As of today 24/10, the well has
been in flow-back mode for 24 days. Last reported on 8/10 to be flowing back 229 bow & oil.

I estimate around 5000-6000 bow still needed to be recovered at the start of flow-back on 17/9. Assume
they averaged 200 bowpd. That's 4800 bow recovered. Anything from here would have to be 250 bowpd
if the flow is improving slightly from 8/10 @229 bowpd.

If we don't get an update within the next week it's starting to look like a carcass blowing in the wind
for mine, however unfortunate, as I am deeply in the red on the oppies also.

GLTAH

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I think everyone is hurting now. The problem now is if the flow rates are bad and our worst fears are realised there is nothing left to sell. It seems almost pointless to sell at these levels. I just hope they can give us an honest appraisal of what has gone wrong as this is all very painful to watch now with almost everyone deep in the red!

OEX Price at posting: 8.4¢ Sentiment: None Disclosure: Held
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