AOE 0.00% $4.68 arrow energy limited

tidbit from appea farmout conference

  1. 2,834 Posts.
    As most of you reading this would know already, Arrow are a Coal Bed Methane producer - ie girly gas.

    Now, while drilling for a little girly gas near Brisbane, they hit a patch of badly fractured hard rock that flowed gas at 3000 psi.

    Well, they had to cap it in a real hurry, before they blew their rig up.

    The upshot is, they are looking for a company with some expertise in drilling for real gas to put a hole in the ground there, because they think there might be a multi-BCF target in some deeper sandstone.

    Oh, and the target is 60km from Brisbane.

    Ian Whitchurch
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