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You must remember to compare apples with apples here. PES would flow gas at 750 000 scfpd on some drills. Up there with the best! I noticed a drill on WCL started at 28 000. Quite poor - although they are getting some success in other areas I think. It is all about getting commercial flow rates.ESG flows are very good too. Started at 250 000, and after dewatering I think they are more than 500 000 (need to check to confirm, but from memory). A nice reserve upgrade will come before Christmas too from new pilots that have been very good.Watch for those flow rates and you will be on the money. Do your calcs on PJ of 2P and 3P and then compare to Market Value.
You must remember to compare apples with apples here. PES would flow gas at 750 000 scfpd on some drills. Up there with the best! I noticed a drill on WCL started at 28 000. Quite poor - although they are getting some success in other areas I think. It is all about getting commercial flow rates.
ESG flows are very good too. Started at 250 000, and after dewatering I think they are more than 500 000 (need to check to confirm, but from memory). A nice reserve upgrade will come before Christmas too from new pilots that have been very good.
Watch for those flow rates and you will be on the money. Do your calcs on PJ of 2P and 3P and then compare to Market Value.
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