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  1. 22-02-2019, 12:17 PM #11
    JBmurc
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    Quote Originally Posted by NZSilver View Post
    Can someone explain the gas flows and how good they were? What's the chance of these wells bit being commercial?
    Since RLE IPO they have drilled 4x wells and all 4x have hit Gas on the BCG prospects sub+ 1mmcfd - 1-2mmcfpd -2mmcfpd -2.5mmcfpd

    MD made the comment the 2.5mmcfpd would be sell for around $24,000per day at spot prices etc

    As long as the Gas keeps flowing which from all cases to date from RLE wells and those that BPT,STO,ORG show continue high flow rates showing commercial fields ...RLE has a pospective 11.7TCF just from the one structure are in the 927 permit

    I can't wait till they explore next door to mount Howitt in the southern part of the large 927 permit
    Last edited by JBmurc; 22-02-2019 at 12:21 PM.
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