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3.1¢ armour energy limited

The well claenup maybe is delayed by the underwritten issue

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gumboot

268 Posts.

5

30/08/18

12:40

Post #: 35293565
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Originally posted by Kreno ↑

OK soooooo the well is shut in waiting for a rig to run the tubing witch i agree it will enhance the production but enhance from what rate to what rate,ican tell you it wont be significant. they claim the well is still in clean up stage i call bulshit! its a conventional gas play

where is the update on the post frac perforations? i was expecting something along the lines of after successful completion of the perforations we are please to announce a increase of the gas rate from 0.6mscf/d too......

they would have for sure flowed the well back to see if any optimization had occurred post perforations this is the first update that there hasn't been a reported gas flow inst that the most important thing? lol

what does this tell you.. can we assume it has remained the same 0.6-0.8 mmscf/d i would say that is a safe assumption.

hopefully the next 3 wells can be better or that 20TJ target might not be as easy as first seemed.

ps what a crap update

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The well claenup maybe is delayed by the underwritten issue

AJQ Price at posting: 10.0¢ Sentiment: Hold Disclosure: Held
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