RE: Production figures RNS22 Dec 2022 13:35
Does anyone know how long does it takes on average from drilling completion of a well to get it on production?
During the recent interview it was stated we saved money by not using the drilling rig at $50,000 dollars a day to complete the well. Does anyone know how long a recompletion rig takes to complete the task at $5,000 dollars a day?
The reason I ask even if the original rig was on site for an extra week = $350, 000, compared to lost revenue at 120 BOPD a day at 80$ per barrel conservative 50 days lost revenue = $480,000
By waiting now over two months since drilling we have lost well in excess of $100,000 in revenue.
This has been the pattern on other Mosman drills . Yes delays happen, but if you fail to plan you usually do.