That is a great bit of info stan giving insight into (hopefully) what the situation is in blk12. For us all the greatest dilemna has to be how much they've managed to get flowing. The NSA report shows that while there are huge contingent resources, there are some challenges getting it flowing and I am sure that SN and the (large) team have been working hard and productively to move the status of the resources forward. But why no news or updates....? In 48th oilbarrel, when sn talks about the perfect storm in 2008 (credit crunch, oil price dumping, Russians) that brought the share price down you see a bloke who's proud of his company, dented by the crash in 2008 and painfully aware that folks lost a lot of money- Frontera is one of the companies people talk about re price deteriorations. I am sure that now, sn wants to get it absolutely right before giving the news that will see Frontera rise phoenix like. It's personal. Liz Williamson said to me when I emailed them, Frontera will update the market when they're ready. Imo, they will be ready soon, and it will be BIG.
Q. How many wells were classified as commercial wells in November 2009 by FRR?
A. 9 (out of 18)
November 19: 2009
The next phase of drilling began in September and is scheduled to be completed by year end. 3 of 4 new wells were drilled, completed and placed into production the 4th is due to be completed in December, bringing the total wells drilled in the program to 18. 9 of these are classified as gas wells. “Current plans call for installation of new infrastructure for the transportation of as much as 100,000 cubic meters of gas per day...”
I wonder how the 2 year 60-80 well campaign is going? :-)
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