They never test it because they don't have the time to.
They take ages just to test the T2B in the 90 day window. If your looking at onshore wells in the USA, they can have a flow-rate for you over that sort of interval inside 1 week. It seems to take JPR that length of time to get one small section of the zone tested, if you've 5 or 6 sections to do then there's 40 days away before you even have a combined flow-rate! add in some hiccups and .....
It would also cost them more money to do Z sand test's which they don't really have and the upside may not be that great. By that I mean the zone might only be capable of 50-100 bopd per well, which isn't a lot on its own, yet if it can be comingled with other production, its net present value increases dramatically, because all the oil is produced within a much shorter timeframe.
But as we agree, they need to find the key first of all to consistently unlocking the T2B both at Akkar East, the J-53 section next door and at WZ.
LOTM
- Forums
- ASX - By Stock
- JPR
- Ann: Reserves Update
Ann: Reserves Update , page-11
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add JPR (ASX) to my watchlist
|
|||||
Last
2.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $31.86M |
Open | High | Low | Value | Volume |
2.5¢ | 2.5¢ | 2.5¢ | $750 | 30K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 87947 | 2.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.9¢ | 136416 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 87947 | 0.025 |
2 | 72577 | 0.016 |
1 | 83333 | 0.012 |
1 | 10000 | 0.010 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.029 | 136416 | 1 |
0.030 | 161037 | 1 |
0.032 | 100000 | 1 |
0.045 | 22000 | 1 |
0.050 | 170354 | 2 |
Last trade - 10.04am 06/09/2024 (20 minute delay) ? |
Featured News
JPR (ASX) Chart |