What Justinmetals....those wells will be no better than last wells in each of those fields which were either dry or minimal flow. How can you say I am scare mongering? Total nonesence.
You are trying to ramp up 2 very poor wells with low probabilities of commercial success. Both previous wells in those fields targeted fracture systems.
CTP will likely spend most or all of their recent raised monies in just these 2 dud wells without ever drilling any Mereenie wells. The only chance was Ooramina and should have been a long lateral at a coat of $15M and forget about the old dry PV field.
Ann: Central Signs Drilling Contract with Ensign, page-40
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