OEX 20.0% 0.6¢ oilex ltd

Hi Joatman, if we get the results that are expected early Dec....

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  1. 360 Posts.
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    Hi Joatman, if we get the results that are expected early Dec. what do you consider the time frame to drill the new designed wells with the longer laterals (1200m) albeit with increased spacings between frac intervals. Will the next one off the same pad be the optimum design for both gas and liquid hydrocarbons being its location is on the fringe b/wn the two designated zone types or will they target predominately wet design in your opinion?
    Could they hope to have say one drilled and be on test whilst drilling the next or will they opt for a cautious one at a time approach? I'm thinking the new CFO has been brought on board to procure debt finance rather than CR and let the wells amortise themselves or am I barking up the wrong tree?
    In any case Ron needs to get cracking if the oppies are to be exercised and bring much needed capital for the rest of the field as well as working capital for Canning moving forward...Be interested in your views.
    Last edited by bobla: 05/11/14
 
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