PV1 5.26% 1.8¢ provaris energy ltd

financial projections, page-70

  1. 257 Posts.
    lightbulb Created with Sketch. 38
    "lets be real"

    EOQ ANNOUNCEMENT "Subsequent to the end of the quarter, production at JT Reese #S2 had steadily increased to rate of approximately 331 bopd and natural gas at an average rate of approximately 196 Mcfd on an 18/64” choke. The choke was subsequently further adjusted to 14/64” to additionally restrict the flow rate to 300 barrels of liquids per day as part of the well management programme."

    What part of this statement referrs to an storage issues in relation to the 14/64 choke applied?
    The "well management program" can have so many meanings like:
    The percentage of water to oil increased after initial flow and the restriction allowed this percentage to be reduced.
    or
    There is not enough storage on site which can be sorted with extra tankers.

    Remember your physics, oil is lighter than water and floats.


 
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