Perched/stranded water is just that, random pockets of trapped water scattered throughout the fractured matrix. Some pockets will be larger than others and as the the oil and water is syphoned off the percentage split will vary with time on both Wells as near water pockets are depleted and new ones further away are forced into the well bores. Some areas will extracted will be more oil rich than others, i. e. fewer pockets of water. What will always be uncertain is the overall percentage split of oil/water at any one time, so the overall estimated 5 to 10 % water cut will only be confirmed when a lot more oil has been extracted. I believe it has been stated somewhere that the perched water has a different fingerprint to that of the water below oil contact, and if so this should be conclusive, as Dr T appears to be saying. This is how I see it from what I have read/digested. However, I am no expert and the above is just my opinion, from a common sense perspective. Please correct me if any of the above is a load of codswallop. ATB
RE: Hammerhead is commercial and heavy..Hess aka Jethro14 Nov 2019 19:05
What is surprising to me is that following the Jethro discovery, Tullow/Total and Eco must have had a reasonable idea that the oil was heavy before they went on to drill Joe, in which case why did they if there was any doubt about it being commercial????? Answers on a postcard.
Assuming Zen have good initial flows , the question I have is what will Zen be doing differently from previous companies to keep the oil flowing i.e. stopping bore collapses which historically has been the difficulty ???????? gla
Wise words IJT. likewise I have bagged my decent gains so far, but am still well invested to gain from another spurt upwards.
If it is a Discovery I will buy more, even on a spike, alternatively, if its a duster I will still buy more to take advantage of the drop and then stay fully invested until Eco is swallowed up by one of the big boys. This is a win win IMHO so long as you keep some of your money in!
N.B. Anyone deciphered Brightspot's obtuse comments? particularly the phrase 'Joe is not the Kingmaker' could mean anything, but an interpretation could be reference to Jethro being significantly bigger than currently assumed. Some on here have rubbished his comments but he was right on the first strike, whatever people wish to make of it! ATB
MakinHay, The amount of shares you have bought on the dips over the past year would be transformational for many here but I guess everything is relative!
Lets hope BP have got their finger on the buy button for Monday, then it truly will be transformational for me and many of the LTH's and it would be particularly great to see the original investors who took the risk in taking the exploration forward getting their just rewards. Its been a long wait for them since 2009.
Anyway, not counting my chickens until we get a stonking RNS. gla
I've been adding all the way from 2014 and have no intention of bottling it now. Lancaster, it seems, is going gangbusters at present and I am hoping Lincoln follows suit. The prolific drilling fluid loses experienced at the previous Lincoln vertical well bodes well for this well also, and the expectation by Dr T is that the fracture density at Lincoln crestal is similar to the Lancaster wells. Anyway lets hope that LC stands for loads of cash as a previous poster quoted a few weeks ago. ATBLTH's