PGS 0.00% 0.0¢ planet gas limited

Cross referencing the SXY monthly drilling report, and this...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 3,229 Posts.
    Cross referencing the SXY monthly drilling report, and this weekly update, the lateral is currently about 150m into the horizontal component.


    I added a few figures to my "for the purposes of scientific enlightenment" calculation.

    A 1500m lateral would indicate a circular area of 7.1 km2.

    Some other enlightenment may be necessary to understand exactly how the formation is structured to relate this - but one metre of pay zone would contain $20M of gas for my reckoning.
 
watchlist Created with Sketch. Add PGS (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.