You're scare mongering. If the first two wells (a vertical and...

You're scare mongering. If the first two wells (a vertical and high angle directional) are no good it wont crash the price.


C&P from qrtly

Ooraminna Appraisal Drilling Update
A v
ertical appraisal well is being planned as part of the Northern Territory drilling campaign. The well
design is to set (9) 5/8 inch surface casing at 400m
- 500m and then an eight (8) 1/
2 inch hole will be
drilled to total depth to allow for a full reservo
ir evaluation and depth control. Once the data has been
analysed a decision will be made as to further drilling or completion options. The well is located to
intersect
the
naturally occurring fractures
to enhance the likelihood of the wells success

Palm Valley Appraisal Drilling Update
Palm Valley 13 is planned as an appraisal well to evaluate the Stairway, Pacoota Sandstone and Horn
Valley Siltstone reservoirs to connect as man
y as possible of the naturally occurring fractures. It is
proposed to drill the well as a high angle directional well from an existing well pad due to surface
constraints. A well design and directional plan has been created that allows for a vertical surface hole to
+/-1000m followed by a directional build section to intersect the top of the reservoir. This section will be
cased with a 7 inch liner. A six inch production hole will be drilled horizontally within the Pacoota using
direct circulation air
/mist
drilling techniques.
.
.