Anyone questioning 1.89mmcf/d, read below. Compare the Trava 2d to the Gradizza-1 (PVE)
Trava 2d depth (1103m)
Gradizza-1 (1028)
Trava 2d initial flow rate (1.89mmcf/d)
Gradizza-1 initial flow rate (0.247mmcf/d)
(
ASX: PVE) shares could see further uplift today after its greenfields Gradizza-1 gas discovery in the La Prospera licence, northern Italy, flowed 247,000 standard cubic feet of gas per day during production testing."
"RIGLESS testing has been successfully completed at Po Valley Energy’s Gradizza-1 gas discovery north of Bologna in Italy, which was first drilled in September.
The ASX-listed company, which completed testing across five days on different chokes, reported that flow rates stabilised at about 15,000 standard cubic metres per day with a 3/16 inch choke.
This was an increase of 114 per cent – about 8000scm per day – compared to the test carried out post completion."
Trava 2d (53,500scm/d) Initial.
Grazizza-1 (15,000scm/d) Includes 114% increase in flow after clean-up.
This is one example of what can still come with Trava 2d. And the analyst coverage of PVE expected an uplift in SP after announcing 0.247mmcf. All JMO.