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HSG
Of course I am staying on point
The test was to find a sustainable flow, not some momentary peak
The sustainable flow is what matters, thats what multipliers are based on.
The objective was not to collect oil (as you well know), the objective was to assess the rate of flow.
So it really doesn’t matter how many barrels were collected…because no barrels were required to be collected.
You seem a little obsessed with this point.
Handspring
In this case the critical information is how much water fell in total, over the entire rain event
Neversatisfied
You are defending the indefensible, here are 88e's words from the RNS Appendix A
Its a 16 hr period from initial oil to surface, clear as a bell
The well
produced at an average oil cut of 4% following
initial oil to surface, with instantaneous rates
observed during the 16 hour period varying as the
well continued to clean up at managed fluid flow
rate of ~170 bbls/d with a calculated total volume
during the flow back period following
establishment of oil cut of ~4 stk bbls.
Today I wondered how heavily it was raining.
So I went outside and saw it was raining heavily.
I didn’t need to stand outside filling buckets for the duration of the storm to assess it was raining.
And you're exaggerating it. From the appendix below, where does it say flowed oil for 16 hrs. The well was continuing to clean up during this period.
rates observed during the 16 hour period varying as the well continued to clean up at managed fluid flow rate of ~170 bbls/d with a calculated total volume during the flow back period following establishment of oil cut of ~4 stk bbls
Neversatisfied
You are minimizing the gravity
It flowed oil for 16 hours, and produced 4 barrels of oil in that time
Yes the 4 tanks you keep banging on about. Are you a little nuts. Only 4 like explained earlier, because it only flowed oil for minimal time after the frack fluids. They got the flow rate info, then finished the test due to time constraints and cost.
Damn, responded again!
Neversatisfied
What are you talking about, stk tank barrels is the measure of oil flowed
LOL Never - it’s even worse than that - Older has posted 244 times in the last 30 days on 88E where he admits he is NOT invested and only 27 times on PANR where he is. Now that really is bitter and twisted and SAD!! He needs to get a life!!
22 posts here and hotcopper Older in less than 24hr. Wow, you really do have a bee or (88e) in your bonnet.
Hi Red..Yes it is sad really. A pretty desperate individual. In all my 30 something years of investing I have never posted on a share board board I'm not invested in. Weird to do it as much as Older does. Something seriously wrong.
Exactly Older. They weren't there to get STK barrels of oil. But to measure flow. 6 x12 lol.
ZZZZzzzzzzzzz😴😴
Neversatisfied
That is pure undiluted hogwash, 88e were there to get a flow rate, to assess whether that flow rate could be multiplied up into a commercial flow, in a horizontal multi stage fractured development well
Going on 88e's projected upper limit of 12X that would be 6 X 12 = 72 barrels a day from a well that will cost around US $20m, not a chance in hell of being viable on that
Hi Never - are the green boxes I see all coming from that boring, tiresome, infatuated naysayer Older (can’t finish his title with Wiser because anyone so infatuated with a Board they are not invested in can’t be very Wise can they?) The guy needs medical assistance imho. He doesn’t sleep, does he eat, all he does is live and breathe denigrating a share that he is so bitter and twisted over, it is very sad to see - so, so sad.
They weren't there to get barrels of oil. They got the required info from the time they flowed it. Who gives a monkeys if there were only 4 barrels at the end of it. I'm sure your beloved Panr experts made sure all was good. Let's wait and see shall we. I'm sure an explanation will be forthcoming soon.
Neversatisfied
Fine for you then, you have concluded that the SMDB only flowed 4 barrels in its test.
Others are still thinking it flowed 50 barrels, dont you think they deserve a bit more information on, what is the most credible, the 50 which would be OK, or the 4 which is poor
Given that 4 barrels is the total production over 16 hrs of oil production
Evidenced by
88e announced it, in the required Appendix A
It closely matches the 4% oil oil cut from the 114 barrels of total fluids flow in the 16 hrs
88e are aware the public have discovered and focused on the 4 barrel figure, as an indicator of failure, and done nothing to correct it. If it were an error, it would be an OMG moment, fix it immediately
The next question becomes, a trust issue. The RNS was written with so much spin, that the market concluded 50 bopd was the result. Even seasoned oil field geologists accepted it as a truth, as people that are accustomed the unvarnished truth do, but it is now clear, it was a spin, that obscured the truth of the matter
Give it a rest older . You don't have to keep posting the same s#@te! Yeah there is 4 barrels in the STK tank. Let's wait for the next update or video or whatever. In fact don't you even bother yourself. You're not invested..jog on!
I have been working on decoding the announcement, from what I conclude the 4 barrels in the stock tank stands, also acknowledge it is a calculated number as stated by 88e, IMO as the stock tank gauge is not sufficiently accurate to make such a fine measurement
Looking for a cross check from the 4% average oil cut and the managed fluid flow rate of ~170 bbl/d over the 16 hr oil cut period
170 bbls per day for 16 hrs, is 67% of 170 = 114 bbls total
114 x 4% average oil cut over the same 16 hrs = 4.56 barrels of oil
Its not a precise match but close enough for me, given the number of `~ approximates and possible rounding errors, ie is the 4% a rounding of a lesser number say 3.6%, or the 4 barrels a rounding of 4.4 bbls