paca 2 flow test, page-5

Agree KJ, all will b revealed in time.

Think most punters have a very short timeframe in mind so if the ann'mnts reflect a big positive then things can fly or could fall off very quickly. What we need is slow consistent movement upwards supported by a plan of action.

Time for a quick reality check. Having seen enough action in oil turf all over, IMO at the end of the day its up to a operator to develop a field sensibly & mkt economics play a big role in this.

As for PACA-2, there are 3 intervals with a net sand thkness of 54m not bad, its how they flow later on. Simply stating the extent of oil column isn't good enough. We were alway going ot get a large column on this well as its on the crestal part of tenement.

Since we are dealing with 3 different horizons here, oil from each zone will have different specific gravity which will make it easy/hard to flow/move. This is simply attributed to different marine facies & depositional conditions prevalent in this area.

As for the flowrates, again each zone needs to b treated sensibly & ERH will do so, to avoid any stuff-ups.

232m of oil shows are good but again its 54m net that will b tested & put on production in time. Dont think people actually understand the oil patch lingo that well.

In all we are looking at 14 wells with a rates of max 200bpd & some of these will become injector wells later-on, as the oil is not gonna bubble out of the formations. IMO, there will b a few complex issues involved here down the road, all part & parcel of field development.

cheers