Member Info for Olderwiser

Taxi

I think day light saving kicked in, still 40 minutes to go

Its not a minor point though, so deserves some air time. Lets hope 88e put out something people can understand next time

Something like, we flowed water for 97 hrs and combined fluids for 14 hrs, producing 24.8 barrels of oil over the full flowback period

I would love a big win for all on the SMDB by the way

Taxi

As the tanks fill, they tanker it out.

PANR did 7000 barrels that way

Taxi

Happy to assist

There would have been plenty of oil storage capacity on site, that would not be a reason to stop

Oil flow rate is from the 3 phase separator oil leg, so most of the gas has already separated out, some very minor gassing in the day tank but minimal at such low temperatures

Taxi

Quite a few gaps there

Stock tank barrels are measured in a day tank at atmospheric pressure, so are post all the processing steps, gas has left the oil by then

So no effect on the GOR

Well head pressure is measured at the top of the well before, any valving restrictions, such as the choke manifold

Bottom hole pressure, in the reservoir will be around 4500 psi, and is balanced against a liquid column in the well, that creates the same pressure at the bottom of the well in a static mode, the top of well pressure will be atmospheric pressure in a normally pressured reservoir.

Under flow conditions when there is gas in the well bore it displaces the water column, this allows the reservoir to exert pressure at the well top.

To have a 2000 psi top hole pressure implies that about half of the well bore is gas filled

Gam2

Yes you have been

I don't blame you for misreading the RNS, IMO most people would have. It took 88e at its best to write it so

Where you fail is, staying with a fallacy after it is unmasked

Taxi

Yes PANR are in discussion re supply of gas to the as yet unbuilt pipeline, the difference is that would be a cherry on top if it happens. They do not need it. GOR of 58000 scf to 1bo, cannot function without it

If the facts disrupt the pumpers and traders agenda, is that a problem for a legitimate investor.

So many angry pumpers responding in an effort to cover the facts in smoke and bulldust, good luck

And there is the big problem, I am getting the truth out of the spin, and you know it

Taxi

Correct

Gam2

Turns out there is nothing wrong with me or my opinion

There was only 24.8 barrels of oil produced, or do you disbelieve what 88e wrote in the RNS

Taxi

That is how a GOR is calculated total gas divided by total oil

Turnstone

Yes about half the size of the PANR SMDB vertical, and 3 times the size of the original Alkaid 1 vertical, which used 77000 lbs of proppant and flowed at 108 bopd

Stratonoakmont 19:10

First fact 100% wrong, the question was about Olderwiser, not Scott

Then down hill from there

I can assure you Scott and I are entirely separate people

Turnstone

Hickory 1 has been stimulated, thats what all the sand and frack fluid did

"The Upper SFS zone was stimulated in a single stage and utilised a cross-linked polymer gel. The volume of sand proppant pumped was 241,660 lbs for the Upper SFS."

Bobhope

Sanctify me if it helps you

Baits

Yes I do want investors to see the truth behind the spin, how is that a problem for an investor.

Fact is only produced 24.8 barrels of oil in the entire 111 hrs of the flowback, they never did produce 42 barrels of oil in a day

But they did produce a large quantity of gas, to get those 24.8 barrels, that is a problem, and the reason it flowed naturally, it is mostly gas

It has taken quite some discussion, to come up with an interpretation of the RNS, that fits the facts in it

That being 88e flowed at an average of 42 barrels a day, for long enough to produce 24.8 barrels in the stock tank

Which means the period in which oil flowed was short, say 14 hours, and during the flowback 1,450,000 scf of gas also flowed

That gives an extremely high gas oil ratio of 58,500 scf per barrel of oil, there will be NGLs to recover from that gas flow, but in the end a poor result

PANR were planning 1 reinjection well for every 3 production wells, when using the Alkaid 2 ZOI long term flow test results that showed 12000 to 14000 scf per barrel of oil

Madenglish

How you can believe, getting to understand what the 88e RNS really means is pointless, is beyond ludicrous

I posed this yesterday, and Neversatisfied has come up with a good answer,

The entire pack of rampers and pumpers are incapable of solving the riddle, so open it up to all now

Just explain this one thing, how can a flow of 42 barrels of oil per day for 88 hrs, only produce 24.8 barrels in that time.

Solve that riddle 88e have posed in their RNS, and you might get somewhere

The entire pack of rampers and pumpers are incapable of solving the riddle, so open it up to all now

Just explain this one thing, how can a flow of 42 barrels of oil per day for 88 hrs, only produce 24.8 barrels in that time.

Solve that riddle 88e have posed in their RNS, and you might get somewhere