RE: Georgina Energy (GEX)10 Jan 2025 20:30
An extra 1200m.....Current TD2040m extending to 3200m
lucky you did'nt look at the costs on page 5, its only 328k to drill and design :)
Seems cheap, but its just drilling, I wonder if rig hire I in that 220k, mobilisation costs but that would be super cheap
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AJ Maynard Consulting have reviewed the existing wells, Mount Winter-1 and Hussar-1, and have provided a re-entry programme and base case costings for Westmarket Oil & Gas Pty Ltd (a wholly owned subsidiary of Georgina Energy Plc.). On successful completion of the testing programme the wells can be completed as production wells (REPORT ON PLANNING AND COSTS TO RE-ENTER EXISTING WELLS GEORGINA, AMADAEUS AND OFFICER BASINS, ONSHORE AUSTRALIA FOR WESTMARKET OIL & GAS PTY LTD). Projected timelines and costs by Maynard are consistent with historical and recent drilling campaigns by operators in the Amadeus and Officer Basins.
Maynard’s cost estimates are based on a minimum two well drilling campaign back-to-back and include evaluation using electric wireline logs and/or tested for flow and samples via a Drill Stem Test (DST). In a success case the wells could be completed with new casing, tubing and down-hole flow equipment, or suspended for future production.