Ann: Block 9 Alameda 2 Increase in Net Pay, page-785

Hi Mikeshare,
Apologies for the delayed response. For me, the inferred flow rate of 750 bopd was an underwhelming result as I was expecting something in excess of 1,000+ bopd for an onshore well. I was seduced by the exuberance of the company webinar and comments like "the well was coming at us (? A-1?) "Oil over the shakers" etc. The 8 points I made in my post of Aug. 4th remain valid Post #: 69151925. That said, I should have put more credence to the section highlighted in yellow below in my Aug. 5 post. Post #: 69180165. We have dead oil in the sections above Unit 3 and now dead oil in Unit 3 too, which impeded "a memorable flow rate result". I am now also unsure what the Company meant when it mentioned "Unit 1B, 2" oil density different to Unit 1A (they did not quantify this). I interpreted that to mean, Unit 1A, 2 was lighter oil and with Unit 3 deeper, it was logical to extrapolate that comment to Unit 3 as well.




Kind regards OldGeo