Update from Colin8 Mar 2023 14:27
Hi Raymond,
Happy to try to clear up any confusion. We do believe the 16-2 is economic and viable, even at the constrained levels, so you are correct that 16-2 is a producing well - we just don’t know the upside levels yet. There is certainly no need to abandon the well - it’s the first of its kind in the basin and we are still honing in on how best to produce it, which has taken us longer than expected.
Hope that helps.
Kind regards,
Colin