RE: JV due diligence15 Mar 2023 14:31
'Based on the C-77H re-frac results, the Company believes new multi-zone and fracked horizontal Eocene wells with AL can be drilled with initial production rates of 4 mmscfd and 40% annual decline rates.'
Can someone help me with this, but by my reckoning that's over £1m per month for the gas plus any condensates. Once this is up and running it will be profitable within 6 months.