Beach state that since reporting reserves as at 30 June 2018 there have been material changes to reserves driven by drilling, reservoir performance and cost reduction in the Cooper Basin based on existing well performance
and new well locations identified across various fields.
Vallesi added: "The flowback phase has been extended to obtain additional well performance
data and to allow further optimisation of the wells.
These include covering business processes to increase well activity, well performance
and regulatory compliance.
on average is exceeding the updated type-curves presented on November 15, 2018.
There is upside in better well performance
, higher oil prices, and closer than 80 acre well spacing.
Bronco Energy Ltd (TSX: BCF), a Canada-based company that explores for oil and gas, has announced an update on well performance
and production operations.