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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 .
Illusion, i share your sentiments about the GGS entirely , the only way it can fail is by an act of god , the miscible flood is where the action is ! . The GGS will only respond accordingly to whatever is going into it , the flood however may take longer to optimise than some expect and i am tempering my expectations to suit . It has already been said that it's not just a case of opening all the valves back up , it has to be done incrementally .
As for the joint venture partner , i'm sure they are very keen to stay at the head of the queue and that will play into our hands immensely . very excited for year end .
And we are just at the beginning ,https://oilprice.com/Latest-Energy-News/World-News/JPMorgan-Analyst-Sees-Energy-Supercycle-With-Oil-As-High-As-150.html
Bumped for those with no technical knowledge , you know who you are ! . https://energynow.com/2023/06/enhanced-oil-recovery-whats-new-today/
Food for thought ,The Company's Reservoir Engineer and its specialist reservoir engineering firm are developing a revised miscible injection strategy for commencement late in the third quarter following the upgrades to BFSU gas gathering system and production facilities. The Company reduced miscible injection volumes and miscible concentration in March 2022 to manage the field's operating pressures at certain facilities and well sites. Oil production from the BFSU is a function of injection volumes. It is the Company's intention to resume injection volumes to a level to return to its previous oil production peak in late 2021/early 2022 before injection volume reduction.
In fact i think this article needs posting a few times during the week so everyone can see the exciting future ahead for COPL and what 75% EOR could mean for us !!
Https://energynow.com/2023/06/enhanced-oil-recovery-whats-new-today/
LMFAO ...