Hey frenen, Hope you are well based on my research most fluid...

Hey frenen, Hope you are well

based on my research most fluid would have been recovered at least 75%90% how much more rate they will achieve will be minimal in my opinion, See attached picture with post frac flows in the same field after 1 frac stage = 30,000 lbs of propant placed compared to 150,000 plus in Myall 4A

They are installing the tubing as they have committed to the infrastructure to the plant and the money spent on the well to date Is massively over budget and had no choice but to complete the well in my opinion.

Strike energy 8 days to complete over 5 fracs.

Armour = 4.5 weeks not cheap!


This is from latest update:

"Armour also advises that it continues to conduct investigations into the incident previously reportedin the Company’s announcement of 23 July 2018 that occurred at its Myall Creek 4A well which resulted
in certain tools being stuck in the well which were subsequently recovered. Armour has reserved its
rights under the existing services agreements with both Halliburton Australia Pty Ltd and Firetail
Energy Services Pty Ltd, and continuesto investigate the cause of the incident, its cost to the Company,
any other damage that has arisen, and its impact on the future productivity of the well.


Strike energy 8 days to complete over 5 fracs.

Armour = 4.5 weeks not cheap!


I still belive the company expectations were not met and that the Hey frenen, Hope you are well