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13.0¢ byron energy limited

Guess well find out tomorrow, usually it will state cased and...

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matyd

3,225 Posts.

40

10/10/18

19:29

Post #: 36073761
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Originally posted by 6186mark ↑

I'll word my question a little differently, although in truth we will all find out soon enough.

I understand what Plug and Abandon means, it is quite self-explanatory.

My question is, is this normal for an exploration well, ie after you have explored and discovered what you need to , do you then plug and abandon this well and drill a new one (or multiple ones) for production?

Second question, is if this is a genuine duster, why have they decided this, even though they haven't reached their target depth yet? Would it be because they have found a chamber which should contain gas but actually contains only air?

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Guess well find out tomorrow, usually it will state cased and suspended for future production so it's a interesting one.
Best of luck to us.

BYE Price at posting: 34.0¢ Sentiment: Buy Disclosure: Held
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