TNP 0.00% 2.5¢ triple energy limited

R643, I was thinking the same thing, but I also have no...

  1. 5,276 Posts.
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    R643, I was thinking the same thing, but I also have no experience with gas flow rates.

    I concluded that if the gas flow was anything less than adequate, the Company wouldn't have put a video of the flow up in lights on it's homepage.

    Also, the Company has stated in ASX announcements that;

    "Triple management believes that a recalculation of the Gas in Place (GIP) numbers is expected to result in a significant increase in the GIP volumes previously reported."

    and

    "This is a thick coal seam by industry standards and had strong gas readings"

    and

    "Down-hole pressures in this well were measured at around 200 psi, comparable to other producing coal seam gas projects. We are advised that the permeability in this seam is approximate to successful producing CSM projects in the Bowen Basin in Queensland over thinner coal seams"

    and finally;

    "By establishing that gas is present at pressure supported by successful DST testing, the first well has confirmed the large scale development potential of this project. The potential for the coal seams in this area to flow gas at commercial rates, especially on laterally drilled
    completions, is now a real expectation."
 
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