RE: my view6 Jun 2020 08:23
I know buyers are needed Dive but it is ii rather than pi money that is needed to make a sustainable sp difference and I h ate to see pi 's burnt on hype. My point about waiting for the next production RnS is based on this extract from the Apr update which identified for the first time a perched water zone for the 6 well. "Having not observed water during initial drill stem testing of the two Lancaster EPS production wells, significant water production had not been expected during the EPS phase. Water production has been steadily increasing since production started, with an aggregate water cut of approximately 26% during the month of April (1st - 21st) whilst producing an average of 18,500 bopd (net of downtime).
After retrospectively analysing the drilling and petrophysical data with the benefit of the EPS data the following conclusions have been drawn:
· a 10m high permeability water bearing zone has been identified within an interpreted 40m producing interval in the 205/21a-7Z well;
· a 10m water zone has also been identified in the 205/21a-6 well, however this water zone is more distant from the interval currently producing;
· produced water from the 205/21a-6 well is therefore interpreted as being drawn from the perched water zone intersected by the 205/21a-7Z well; and
· current individual well water cuts of approximately 46% in 205/21a-7Z and 7% in 205/21a-6 during April are consistent with this revised interpretation, noting that the 205/21a-7Z figures were impacted by high water cuts immediately after a shut-in at the start of the month."