Fastnet, from their modeling, thought they could get 9 million scuffs per day from their TE-6. James once said we might need around 25 wells for the full field development........that's if we kept it. But Fastnet also said that 'the study (Houston-based NuTech petrophysical)identifies that the nature of the permeability characteristics of the TAGI reservoir interval does not facilitate exploitation by horizontal drilling'. That is not what Schlumberger think though.
Very good Ducati2, as many are aware several studies and interventions from, FastNet, Nutech, Schlumberger, and several of Sound Energy team include a freelancer all appraised the Tendrara license as to be highly prospective gas play.
Chrisma, never though we would be here and the sp asleep. Was expectation of at least a micro move upwards end of week.
Everyone enjoy the coming bank holiday, back Tuesday eager await an RNS.
Sound is on the cusp of a major gas discovery and yet look at our trading values. Unbelievable. Barely a 110k so far today. I find that very weird to say the least. It's as though no one is interested in us.
TE6 will be drilled some 2.4Km to the North East of TE5 (the previous well on structure). The objectives of this well will be both to prove up significant additional volumes (hence the significant step out) and also to demonstrate that a properly done matrix stimulation can secure a commercial flow rate. This is a vertical well and is positioned at the very top of the structure (according to the 3D).
Matrix acidizing refers to one of two stimulation processes in which acid is injected into the well penetrating the rock pores at pressures below fracture pressure. Acidizing is used to either stimulate a well to improve flow or to remove damage. During matrix acidizing the acids dissolve the sediments and mud solids within the pores that are inhibiting the permeability of the rock. This process enlarges the natural pores of the reservoir which stimulates the flow of hydrocarbons. Effective acidizing is guided by practical limits in volumes and types of acid and procedures so as to achieve an optimum removal of the formation damage around the wellbore.
Luckyman2 I'm also in the thought that the TE-6 well is to prove up and establish the size of the reservoir as indicated by Fastnet and all the information supplied by Nutech I believe.
The TE-7 well I understand will be the horizontal drill that is more expensive to drill,but will prove the flow rates within the field. The thing been that I have read and I believe Crude also that Horizontal drilling was not preferred on the Tendrara reservoir,but who knows drilling technology can advance so quick.
Why Schlumberger? Well they did carry out the flow test on the TE-5 well that did flow with all the junk in the hole and heavy weight mud, the flow rate was obviously not grate for the previous reasons. The bottom hole pressure did not deplete during this test so they must of liked something about the potential. The good thing is we know they are world class outfit and they can interpolate all the 3D available. So why did they agree to pay most of the cost and throw their top class work force at this project?
Cannot remember where, didn't JP say 7-9 scuffs to justify that new pipeline? Expectation on TE-5 was 5 scuffs and that remains possible.
Add the three wells together TE-5, TE-6, TE-7 don't take a high number to make commercial. However, TE-6 needs to come in big. Schlumberger I suspect from previous data I posted, they didn't get involved for less than 10 scuffs a day.
This is my take on it FWIW. Firstly, I haven't a clue how JP got Schlumberger involved. However, I can't help but wonder why? They are a multi, multi $bn company. Why would they even bother working with a total minnow like Sound Energy? Well, logic say to me that they must belive there are huge amounts of gas to be produced. Their experts would have looked at this and seen something significant. They would know how to exploit it also. I don't think for a minute they they would be remotely interested in 5 scuffs a day. I believe, and hope, they can produce much more than that.
I believe that this well is the step out to establish the size of the resovoir and to see what flow rates can be achieved. The next well is TE-7 which will be close to TE-5 which flowed 1.5 scuffs. As long as the combined flow of both wells is above 5 scuffs then its a success. That's is my understanding but open to be corrected if wrong.
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