Agreed 618... low to very low single digit. I get a pretty good match in my model at 1-2mD average perm.
The problem with perm this low is that it takes much longer to ramp up to max gas rate. But once it gets there it will basically run just about forever. They'll still get 6 bcf per well even at that sort of perm.
300 mscfd peak rate won't be adequate for commercialisation (even if it maintained that with no decline it's only 1 bcf over 10 years - clearly not enough when decline rate and discount factor come into play), but what they may have meant is that 300 mscfd from this well design may have given them enough confidence for commercial rates from improved well designs.
In particular at 1mD this sort of reservoir would be screaming for a lateral.
- Forums
- ASX - By Stock
- Ann: Southern Cooper Basin Gas Project - Update
-
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add STX (ASX) to my watchlist
(20min delay)
|
|||||
Last
20.8¢ |
Change
0.003(1.22%) |
Mkt cap ! $644.7M |
Open | High | Low | Value | Volume |
21.0¢ | 21.0¢ | 20.5¢ | $160.1K | 765.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
27 | 1622461 | 20.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.0¢ | 939606 | 23 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 41542 | 0.065 |
1 | 49500 | 0.063 |
2 | 181695 | 0.062 |
4 | 227100 | 0.061 |
3 | 64667 | 0.060 |
Price($) | Vol. | No. |
---|---|---|
0.066 | 73350 | 1 |
0.067 | 100000 | 1 |
0.068 | 194209 | 3 |
0.070 | 40000 | 1 |
0.071 | 123966 | 1 |
Last trade - 13.20pm 02/12/2024 (20 minute delay) ? |
Featured News
STX (ASX) Chart |
The Watchlist
NXD
NEXTED GROUP LIMITED
Nick Poll, Managing Director
Nick Poll
Managing Director
SPONSORED BY The Market Online