Oh, stockpuppet , where are you coming from. If 50 bod was...

Oh, stockpuppet ,
where are you coming from.
If 50 bod was likely do you think the announcements would say what they have been saying.
It’s not one well to get the 1.8 million barrels, it will take 12 to 14 wells to drain the field.

The wells will start at whatever flow rate and decrease over time.

How quickly will they get 6 wells up and running? They stopped drilling this one on about the 4 December and sent the rig home.

Profitable wells are the only thing to do. Today they said the testing is continuing so they could determine the facilities needed for Rex number 1. They are not expecting an unprofitable well.
Expectations are for 300 bod. 300 bod is a bl..dy good result.

Announcements say things are meeting expectations or better.

Someone was saying @ a $10 profit the company will earn $18M from the oil over how
many years it takes. But the definition of profit is you also get the money sunk into the cost of the wells and infrastructure back.
Implies huge turnover and money to put into other prospects and buy leases.

Yes of course flow rate is important. Rate of decline is important. Every thing is important and cost and regulatory environment are heaps better in Alberta than any state in Australia.

Saltbus