HH-2z Clean up - No. of weeks of flow needed22 Jun 2020 12:10
Looking again at the 9th March RNS - HH-2z Dry oil to surface....... stated that it demonstrated it could flow at over 750bopd but would need several weeks of flow to fully clean up and run cleanly. They've not had chance to do that yet since they've also been trying to push HH-1 through to production setup with limited on site resources allowed through lockdown.
I guess this large buying new investors realise all this and this share is hugely oversold and undervalued right now....huge recovery play to be made here for some quick money for those with the courage to grab it ...GLA
"Dry oil flow rates during the initial 48-hour "clean-up" period to date are encouraging, with metered daily rates averaging 223 barrels of oil per day ("bopd"). However, as is to be expected in the early clean-up stage of such a horizontal wellbore, both oil and associated gas rates have been very variable. Half hourly rates have thus ranged from a high of 778 bopd to a low of around 10 bopd during intermittent short periods of "slugging" (i.e. the return of discrete pockets of gas and/or completion fluids).
The water ingress problem meant that HH-2z remained shut-in for almost 3 months, with spent drilling and completion fluids within the near wellbore. Consequently, it is expected that the full clean-up process is likely to take a number of weeks of aggregate flow. As part of the clean-up process, to ensure the full remaining horizontal section contributes towards aggregate oil flow, further interventions are planned to help fine-tune and optimise flow from the well."
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