RE: Recent production25 Mar 2025 08:12
You BOTH work in concert on the otherside, don't forget I KNOW who is who over there from the nastiness that went on after they completed the sidetrack and I wisely sold my shares, along with tracking some of the scuz over on the otherside.
Lets start with "velocity" strings, or accelerator strings as you call them, so from your post you give the impression that these are designed to increase production right ?? otherwise why post it as derogatory to current progress RIGHT ??
Well velocity strings by the nature of their use and design do not increase flow, they simply flow less faster from bottom of the string to surface, primarily to force more liquids (condy & banked condy) from the wellbore and near wellbore.
What velocity strings do provide is a much greater overall recovery and is simply part of tertiary recovery techniques.
Gas consumption through the compressors, yes 15% is stated and is realistic, but then they are not producing enough to run both compressors, and compressors by their very design need to be running relatively optimum, therefore it is almost certain that current production is giving them a full compressor of redundancy, which means they have less downtime as they can switch between the two for maintenance or simply to share the workload.
The redundancy of one compressor is fine, they have plans to drill at least one more well, and they have the booster compressor to come online.
The booster is again part of tertiary recovery, it simply gives a little more longevity to field life and will initially give a honeymoon period of production "if tuned in very well", even after the additional energy consumption of this compressor is factored in.
The lowering of the "FLOWING" pressure in the wells associated to the use of the booster compressor will lead to more liquids induced by the very nature of what they are doing, and it is this factor that will ultimately push them to start installing the velocity strings.
BOTH of you do not need to try and convince everyone here that SLBY will be producing forever, WE ALL know that, and we ALL know that it is effectively a depleted field well into it's golden years, BUT it still does have some good life left in it to be recovered, and they are doing what is needed to ensure that they get the most from it before any possible conversion to storage.
And lets not forget, that the plant within SLBY, will almost certainly be utilized for any storage project, especially the compressors & booster.
As for CPR this n that, yes, we CAN ALL read, but CPR's are built on a lot of assumptions and generalised calculations that are often poorly suited, meaning every reservoir is unique and often one factor does not fit all, it just generalises, with A LOT of wiggle room.
Do I like Angus as a company ? no not really, a very bad history, the current BOD are improved somewhat, and still have a long way to go in cleaning up the dirty laundry of the past, they are not without fault either, BUT