Fully agree. The negative posters NEVER engage with the fundamentals. Geology is irrelevant to them.
John Gerstenlauer said the Shaikan wells with Productivity Indices of 200 could produce 40,000 bopd on free flow. John Stafford said the best wells had PIs of 500 (I've seen that figure published for the best Kurdistan wells...surely refers to Shaikan). Pro-rata, that suggests 100,000 bopd for the best wells on free flow.
So there's your infamous Kirkuk blow-out gusher figure!
ERC Equipoise should IMO hang their heads in shame for ignoring the actual data and using a 0.4% fracture porosity.
Yes Nicki - Our Malcom is Indeed a tad confused today (showing symptoms of a typical GKP pi in fact). However - just looked at Big Oil's declared Reserves ........ My Goodness, we're setting on such an Elephant.
and still the doomsters come out after dark. The rns said in talks with several parties. If you want something, and what's not to want, you pay for it you don't hang on and hope whoever owns it goes bust and hands it to you. You get in quick and bag it. And Dutsche bank will support this company to the brink. They want their money back. Come on, some more optimism people, please.
If you find an Old Master in your loft. No one askes how much you have in your bank account before putting a value on it prior to putting it up for auction. The more desirable the object the higher the value.
dont be fooled by the newbies and no so naive arrivals proclaiming ‘we’ will be lucky to get £1 or £1.50
compare Ghawar net pay, flow rates, footprint , Anticline shape , and Permeability w/ Shaikan area. Trolls wont / cannot engage in this comparison because they cannot disprove the remarkable similarities. If Shaikan was a one off run by an Isolated company in a frontier exploration zone then I’d be sceptical but its not. Shamaran well hit 44,000 bopd. the Kirkuk blow out gusher well hit 70k+ per day. There was an unsubstantiated post on one of the threads some 3 -4 years ago claiming the Shaikan 4 well aggregated near 70k barrels per day. The well where flaring could be seen from 30 miles away
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