Member Info for naughtygordie

You can not use pressure alone to account for oil produced , pressure is applied hand in hand with a sweep pattern which helps manage the occurrence of gravity separation and " viscous fingering", these results are perfectly acceptable . Ever turned the hosepipe on to the garden and water went back into the hose till pressure stabilised ?, same thing only thousands of times bigger .

The truth is the CEO has no control over the amount of oil flowing, not when the pressure problems were encountered and not now . All we can do is make sure the infrastructure is fit for the purpose of receiving whatever is sent our way , it can go either way at this point . The groundwork for this phase is done , it's all about field response now , fingers crossed for a modest increase ! .

If you don't possess the mental flexibility to see how this scenario applies to oil then you probably shouldn't bother reading it ;) https://www.smallcapinvestor.ca/post/the-lassonde-curve-understanding-the-mining-life-cycle#:~:text=The%20Lassonde%20Curve%20is%20a,development%2C%20and%20ultimately%2C%20production.

The reason i posted stas is because i know that if we don't get a noticeable increase in production all the doom mongers will be running round like chicken little, proclaiming the end of COPL , no oil, art's lying , flood's a failure, sky's falling in and the super volcano up the road is about to pop etc etc . Better beat them to it , but like yourself i genuinely believe we are on the cusp of a huge change in fortunes .

I think expectations are running high with regards production figures , probably too high . Whilst i would love to see an increase as much as the next man , if i am understanding my new found EOR information correctly, it would be perfectly acceptable at this stage and within the parameters of a miscible flood to not get any appreciable increase so soon after the interruptions , lets see ! fingers crossed .

2.50 onwards ,https://audioboom.com/posts/8276536-midweek-takeaway-with-colin-bird-executive-chairman-of-xtract-resources-aim-xtr .

Surfie, not wanting to sound too pedantic but it's a physical impossibility to be both elusive and non existent ;)

Totally agree shouston, The GGS is the first phase of several , what will happen when all of the BFU is connected to a high pressure system ?. Some people who can't read properly keep suggesting we are aiming for 2000 barrels , that will be bare minimum acceptable to copl, every historic comment about the flood has been about reaching 5-6 thousand barrels a day , are we really to believe southwestern are going to sit on their laurels now that 6 wells are tied in ? , i don,t think so ! .

Well said ! (leew)

Can anybody tell me if there are any standardised formulas for valuing oil and gas discoveries as there is for gold and mineral deposits ? . Best i can find online is oil in place 1/3rd of retail value .https://www.linkedin.com/pulse/valuing-oil-gas-properties-jordi-vilanova/ . cheers :)

Definitely a pius c**t based on my research .

Context is irrelevant ! , no no no , context is everything !!!

NUGATORY ? had to google it ;)

12% google.

A bit of sunday reading , slide 16 is very interesting ;) .https://media.cylex-canada.ca/companies/2407/7556/uploadedfiles/24077556_637033232011459539_1_Cuda_Corp_Aug_2019_Final.pdf

Sticking to the facts ,https://energynow.com/2023/06/enhanced-oil-recovery-whats-new-today/

Personally i thought the comments that were made in the rns of the 6th were clear, concise and straight to the point.

Its 2 am in the morning in wyoming !, give them a chance ;)

Https://www.reuters.com/business/energy/uks-rosebank-oil-field-development-gets-go-ahead-2023-09-27/

Prop, how much is being invested at rosebank, north sea , for 3 million barrels ? . Small fry in comparison .