CTP 1.96% 5.2¢ central petroleum limited

Ann: WM26 Drilling Update, page-5

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  1. 5,334 Posts.
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    Depends what they mean by "low." Is it going to flow gas and if so how much? 10 Mscfd, or 500 Mscfd? Big difference. I suspect they have an idea because it's easy to conduct a flow test while air drilling, you just stop circulating air. So they have probably conducted a number of them already.

    We need to wait til they report the flow rate. It doesn't look great at this stage, but you can never completely rule out a horizontal well drilled in a heterogeneous tight sand until it reaches TD. You never know when you might drill into a permeable streak or an open fracture.
 
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