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MARKETS

RBC pushes Waitsia case further

RBC Capital Markets has called the latest flow test at AWE’s Waitsia field an “absolute eye opener” in an Australian onshore context, with Waitsia-4 flowing at 90 million cubic feet per day in one of the highest-ever flow rates in the country.

Helen Clark
Things are looking up at Waitsia.

Things are looking up at Waitsia.

Wells 2 and 3 also hit above expectation at 39MMcfpd and 50MMcfpd, respectively, and combined with RISC's recent reserves upgrade of 78% the case could now be made for a 150 terrajoule per day development,...

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