DLS 0.00% 69.0¢ drillsearch energy limited

Ann: Production Restarts at Flax Oil and Gas Field, page-4

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  1. 7,303 Posts.
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    I am a little time limited Barney, but due to the Flax structure being tight, they will most likely do a mix, as in, drill from the same pad, or, in the case of Bauer, 'walk the rig', but then, unlike Bauer, they are going to do some seriously big horizontal wells with 10/20 fracs.

    Over time, if the field proves to be as good as I hope, then there will be many ways to extract the oil more efficiently, multi well pads would be one of them.

    The Flax/Juniper field is unique in the Cooper, as in unlike all the other major fields, its basically untouched. So we know the oil and gas is there, so its all appraisal and development, much much higher success rate than pure exploration. This is a really long term asset, with huge potential.
 
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