Ann: Initial Production Rate-1,207 Boe/d - France, page-9

re: Ann: Initial Production Rate-1,207 Boe/d ... trying to understand the FD 2h well ip report here

they claim 850 bo per 1mmcfpd

"Antares Energy is thrilled to announce the Initial Production (IP) rate of the Frances Dilworth No. 2H is 790 Bo/d and 900 Mcf/d with an initial flowing tubing pressure of 4,500 psi on a 22/64 choke. The well is flowing 53 API gravity oil and 1,300 MBTU/Mcf gas. This equates to a 15.4 Mmcfe/d rate on an 18:1 revenue equivalency basis accounting for the quality of the liquids rich gas."


but the actual flow rates are nothing like that ratio..





511 mcf pd and 262 bopd in feb (500 bo per 1 mmcf ratio)
416 mcf pd and 152 bopd in march (364 bo per 1mmcf ratio)


they announced this as the ratio in the first announcement

"The 15.4 Mmcfe/d exceeds the production guidance provided by NuTech Energy Alliance, Ltd and its proprietary fracture stimulation modelling, NuStim Stimulation Vision, issued in Antares 25 November 2009 announcement. The NuStim model had forecast an initial production rate for the Frances Dilworth No. 2H of 6,000 mcf/d and 300 bo/d equating to 11.4 Mmcfe/d on an 18:1 revenue equivalency basis. NuTech also preformed the Contingent Resource Analysis for both the Yellow Rose and Bluebonnet projects resulting in 2C Contingent Resource Best Estimates of 802 Bcfe and 298 Bcfe respectively.
Additionally, Antares is pleased with the significant volume of higher value oil in the hydrocarbon production stream. The result achieved at the Frances Dilworth No. 2H represents an oil to gas ratio of over 850 Bo/Mmcf. This is substantially greater than surrounding wells which typically deliver less than 100 Bo/Mmcf and can be attributed to Antares updip position, on and behind the Edwards reef, relative to surrounding wells. Similar ratios are expected throughout the Yellow Rose and Bluebonnet projects."



right now it has dropped every month and after 60 days was down to 364 bo per 1mmcf ratio and in a few days the next decline in oil will become available to the public

in my view the 364 is not coming within a bulls roar of 850 and it never demonstrated those figures in any monthly flow
report to the TRRC

the latest report indicated this ip for the new well

ip only of course

"Antares is excited to announce the Initial Production (IP) rate of the Frances Dilworth No. 3H is 941 Bo/d and 1,596 Mcf/d with an initial flowing tubing pressure of 1,442 psi on a 26/64 choke. The well is flowing 47 API gravity oil and 1,300 MBTU/Mcf gas. This equates to a barrels of oil equivalent rate of 1,207 Boe/d."

so from "thrilled" to just "excited"..

and unfortunately antares will not disclose the actual stabilised monthly flow rates

The Frances Dilworth No. 3H well is now in production and as a result this concludes the operational
reporting upon this well. This well will now be part of Antares Quarterly reporting.


i will watch the second well closely also before i get thrilled or excited.. but i cant seem to get any data up from the TRRC that makes me want to jump in atm..

can anyone let me know what numbers they are working on with their modelling?