re: Ann: Cambay-77H Well 4 1/2 inch casing se...
I think sellers have seen the comment that Cambay 73 Vertical well was flow tested at 1 MMscfd in the release.
They know that DJ's Analyst says that 77H needs to flow at 4 MMscfd to be Commercial. They have gotten nervous and done a runner.
The difference in drawing power and flow rate from a 4.5 inch Vertical (73) Well pipe end and 8 Fracced drawing points along 350m (77H) of 4.5 inch pipe is enormous. I think they will regret their sale when they work it out.
Rusty
OEX Price at posting:
8.8¢ Sentiment: Buy Disclosure: Held