"Pressure data indicates a partial clogging of the well bore perforations. This situation has occurred in frac’d vertical wells in the Cambay Basin and can be commonly encountered in the industry"
Boysy why is it a worry ? IF they had stated that that there was a drop off in well pressure attributable directly to the reservoir itself then yes it would be of concern. They have clearly stated that the drop of is as a result of partial clogging of the well bore perforations which is not uncommon. This common issue CAN be fixed with tried and proven industry methods and technology. Additionally reliable flow rates for either oil or gas cannot be measured with any degree of certainty or accuracy until cleanup is complete.Both oil and gas are still being encountered with no assistance which suggests we are well on target. RM is clearly not going to push or artificially accelerate the cleanup of this well. Whilst they have the pressure they are better of allowing the well to clean itself which may take a little more time - and why not if we are making money along the way with the API 50 ?
BH...........with no holding in this stock I fail to see your motive for still being here with your anti management sentiment and negative posts - perhaps you just have too much time on your hands after allegedly making massive amounts on OEX![]()
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