If V1 stabilises at 1.5 mmcfd it will be a decent enough well, the issues lay at V2 and V3. Cooper basin wells are known for their initial sharp declines before a plateau in production.
the major concern is the lack of flow or potential water breakthrough in the wells
I do believe the Vali field may have some permeability issues so although it won’t be a write off, it will be producing well below expectations. I still can’t work out the lack of flow testing at V3 and V2
MEL Price at posting:
0.8¢ Sentiment: None Disclosure: Not Held
