It appears the strategy is to hold back the wells until this...

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buc

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16/12/14

13:03

Post #: 14467944
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Originally posted by cmonaussie ↑

I agree the oil is worth something, especially when prices go up (whenever that is)

We've shifted from Liquid Nitrogen use right? Plain old nitrogen gas can be very useful in the fracking process as a gas or a foam (Nitrogen gas mixed with water). This saves a bunch of money as far less water is being used to frack the well.

"Nitrogen gas fracking is used for water-sensitive, shallow, and brittle shale formations because it prevents clay swelling that would otherwise be caused by water-based treatments. Nitrogen is an inert and compressible gas with low viscosity, which makes it a poor proppant carrier. Therefore, nitrogen gas treatments produce the best results in brittle shale formations that have natural fractures and stay self-propped once pressure pumping is completed. Due to the low density of gaseous nitrogen, the main applications for nitrogen gas treatments are shallow unconventional formations"

It may be SSN finds that Nitrogen useful in reducing costs of development - assuming it can be easily separated and stored for later use.

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It appears the strategy is to hold back the wells until this thing blows over, rather then sell the oil now.
An blow over it will........eventually.

Bluff has the ability to open up, at least another "18 new prospects" , of cheap conventianal wells, for when the time is right.

Last edited by buc: 16/12/14

SSN Price at posting: 1.0¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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