Ann: Investor Presentation, page-77

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18/02/19

09:55

Post #: 37467245
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Originally posted by happydayz ↑

Originally posted by Kipper01
Re Reserves Certification:

Are any of our regular posters intimately familiar with the steps to establishing Reserves? From establishing flow rates - which has been done …. and gauging well pressure under shut-in conditions - which is happening currently, is there then additional final flow testing carried out as a final step before all data is then forwarded to the independent certifiers?
(…. If memory serves me correctly I seem to recall SB mentioning flow tests following the month-long current shut-in, therefore beginning in a week or so? …. lasting a day? days???)

There are reasons for everything … We know SB and management would be very keen to have Reserves in asap for the obvious reasons. Can anyone illuminate the rest of us why it takes the length of time it does from a to z when some think from first flow rates to Reserves is only "weeks" … ?

Cheers and thanks,

Kip
It will take a while kip, it will be monitored flow rate wise and the choke s may have to be altered in this settling in period and like you've described all has to happen. Sit back and relax we just need to let off some wind.

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Yes surely with no water issues are drier Gas shouldn't need as long to get a good picture of Reserves .. every well has hit Gas .. each well better than the last

RLE Price at posting: 9.8¢ Sentiment: Buy Disclosure: Held
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Ann: Investor Presentation, page-77

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'Taking money from the market': Garbage giant cleans up as this week's Hot Stock tip

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