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3.13%

3.1¢ armour energy limited

There is no doubt gas on that area,AGL and Origin both extracted...

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Kreno

694 Posts.

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16/08/18

19:19

Post #: 34982313
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Originally posted by bgtaylo ↑

Thanks Orion, we can appreciate they did what they set out to do drill for gas and yes we got gas, in known gas rich area. We just want to establish how successful. So we can work out if the venture is commercially viable. My instincts tell me of course , we are producing in the area already. I just want to know what the return on spend might be for such an expensive process, no one wants to work for free. The quicker the gas is extracted the more money we make right.
Some thoughts on the flow rates might be insightful from some of the more technically savvy holders. After all if flow rates weren’t important, why mention them.

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There is no doubt gas on that area,AGL and Origin both extracted gas for years and the formation was quite productive, hardly a dry hole in the region. most flowed around 5TJ/d that is not the case here. Basic research really. Previous wells after only one zone stimulated

Last edited by Kreno: 16/08/18

AJQ Price at posting: 9.9¢ Sentiment: None Disclosure: Not Held
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