Cheers Marx, I must admit I find it hard to believe that if that info is correct, 1-2mmscf/d per well would allow commerciality, perhaps they are talking about each fracced stage? As simply put, even at $5-6m per well which I still think is not possible even now with the rig rates (deep well with multiple fracced stages, plus completion and tie into production facilities), even with W.A gas prices being a bit higher than in the east, it is doable at those rates.
I will watch and see how it plays out I guess.
Good luck to holders.
TSV Price at posting:
1.8¢ Sentiment: None Disclosure: Not Held