Reasons to invest10 Dec 2012 12:55
Thanks again, Ocean :O)
*We are only part way through our workover of EB1;
*BM and the team were confident enough to pump more company funds in to WO Part 2;
*We didn't P&A whilst we had the chance and move straight on to the fully funded EB2;
*We are getting a major contractor and flow specialists involved to help us crack mother natures puzzle there;
*RRV in particular and oil fields in general have varying levels of kerogen and wax, it comes hand in hand with oil E&P, and each situation is slightly different to the next;
*We tried to save money with RP, if it had worked BM would have been twice the hero, it didn't work in 60 days, so we live and learn and get it more right on WO Part 2 & EB2, we are all in this together;
* We have FGA preparing a non-wildcatting CPR from the extra data collected between times so far and the final EB1 results.
*There are ways and means to invoke flow if needed, to stimulate certain zones if needed, to manage most extraction difficulties. They come at a cost but there's slack for that in the math.
*This new crew will most likely want to extract all of the old tubing, clean out the bore hole, fit new tubing and start afresh with a carefully rehearsed strategy which will be tweaked as they go to suit.
*Yes the BoD is under staffed and BM is over worked imo but that will have to change at some point very soon imo.