RE: Industry game changer16 Dec 2018 10:33
(Thx 111baker)
Changing the subject and to get away from the bickering, this may be of interest to some.
Posted last week & 15/12/2018
Angus took the search for natural fractures a stage further by using the Weatherford Ultra Wave Acoustic borehole imaging tool. This is its first use in Europe. Technical papers are to be presented on this at DEVEX Â shortly. The tool made it possible to see fractures in the borehole directly, unlike the need to infer fractures from logs. The information confirmed not only evidence of natural fractures in the two main limestones intervals previously tested at Horse Hill, but also confirmed abundant natural fractures in sections of interbedded shales and limestones between and below the two main limestones. Around 200m of the reservoir has this potentia
This will change oil exploration by upgrading the percentages that can be extracted from an oil field.---
Conoco extracted 50bopd from Balcombe in the 80`s and dismissed it as uneconomic, with this new tool they would
have seen the full potential.
Books will be written about this series of events, perhaps titled "hidden in plain sight", Angus and Vonks will be talked about for years whenever super shares are discussed.
We can say ` I was there!`