donks29 May 2012 21:08
At 500 bopd with a 25% recovery rate it would take 82 years to get 15 million of the known 60 million barrels out .
It might well support much higher flow rates than this but as this well is Enegi's only source of income they will surely have to play it safe and very conservatively .
Someone is going to have to drill more wells with longer laterals in order to get it out .
I'm wondering what they do next .
Perhaps they do a deal with Shoal Point to enable them to deepen the 39K well which they are testing in EL1070 so Enegi can test the basement which is 100% Enegi's .
Surprised we haven't heard any news yet of potential partners sniffing around as Enegi and Shoal Point don't have the capability to exploit this themselves .