Good posts on UJO10 Nov 2022 08:46
There are a couple of good posts by Panther et all on UJO re Wressle - worth a look
GreyPanther
Posts: 1,376
Price: 35.00
No Opinion
RE: StandbyWed 17:24
Based on the rather limited reservoir data released by Egdon I don't think we are seeing a production decline due to falling reservoir energy just yet. While I've seen no definitive published info, I feel this to be the case this because no water has been produced so far, and from the original but limited DST data available it seems that no gas cap is present in the Ashover reservoir. I reckon it's much more likely that it's as you suggest, and that the oil rate has to be managed to keep the flared gas at or just below the daily limit imposed by the EA. It's also possiblethat during the summer Egdon may have choked the well back more than is necessary in the winter, but this is just a blind guess on my part.
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OliviaOil
Posts: 65
Price: 35.00
No Opinion
RE: StandbyWed 14:55
Thanks for you input GP.
Agree re the Ashover volumes, which I also think will be shown to be larger when they demonstrate that the contact cannot be where GC placed it, probably by continued pressure analysis and mass balance work. According to UJO's own released data the well has gone from about 820 bbls/day in March to 750 bbls/day in a pretty steady decline to July to 700-725 today. My view is that this is not a natural decline, rather its a by product of having to manage the gas volume flaring limit. Once the flaring issue has been eliminated then it should increase, or do you think this is a natural decline?
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