So N1 produced 20 mcf/d (3000 barrels of oil equivalent) and circa 140 boc/d. However, this was from only 3.5m of a 25m payzone. N2 is targeting a thicker part of the same reservoir which is updip and should allow for all circa 30m of the payzone to be flowed. So what are we expecting to hit......Well in theory our worst result should be the same as N1 but would still be a fantastic result and would prove it's commercial. We do know that other wells in the area from similar reservoirs produce at 40mcf/d (6000 barrels of oil equivalent), which would be an even better result and completely cement our project as commercial. Although from N1 we do actually have some reason to believe the flow rates could go even higher. I've never seen 20mcf/d produced from a 3.5m perf before so the pressures are hinting toward a much bigger prize. The offshore wells produce at more than 100 mcf/d and there is an argument that N2 has the ability to match that figure... but it's too much to even dream of. If we could even hit 60 mcf/d then our SP would fly and the upside would be blue sky. The key with this drill is we are aware the reservoir already exits and contains gas. The question is......How much and what rate will it flow at ???
Here comes the small print :-) There is clearly a risk, as with all drills, that they have an accident, mechanical failure or unexpected result. No drill is 100% in this industry !
Webmoor, the gout (my one and only epsiode) is gone. I couldn't drive for 3 weeks and even missed 3 days from work! I used to mock one of my brothers when he got it but I'll never mock anyone again over gout - it can be seriously debilitating. I'd been drinking too much wine and have gone back to a very strict diet of copious amounts of Guinness. (The ads all say Guinness is good for you).
Happy to see yours has relented. I gather there are various versions of the damn thing - lingering, sudden, ongoing etc. Mine was an out and out assault!
Yes, the oil news is good for everyone. But for an expected flirtation with the 1.7s AEX is holding up well whilst awaiting news. Bset of luck.
Great not so Grumpy this morning what with the Saudis starting to come to their senses oil stable for a wee while so the rest of the world is a little brighter, if Sarkozy comes to power in France we will be able to get a proper del with Europe; the whole world will breath a sigh of relief.
The detail of course I refer to the mini OPEC meeting upon which I pinned my hopes of a nice rise here today so bring it on; nice of TWIS to deign us with his presence an omen perhaps of all the good to come. I shall be counting rig lorries like sheep in my sleep in the hope that preparation had already started, Irishmouse any info from Google world just wondered?
Kev4:- how is the gout mine seems a lot better but do still have bad days keeps me on my toes.
Come on AMINEX BP. jumped 20p surely if the sellers can hold off until Monday we will see at least .95p today!
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