Ann: Operations Update, page-100

First 100 Last

Share
Profile

Follow
spinefx

8,860 Posts.

1064

29/05/18

04:40

Post #: 33344367
Share

Originally posted by Garrym79 ↑

Tried posting a photo file perhaps that was why I have a blank post.

Anyway I was going to upload a phase envelope for volatile oil showwing it on its travels from reservoir to wellbore completion to wellhead to separator to show simply what you describe and 88E describe as gas in reservoir that turns to oil.

Capiliary pressures inside the rock do funny thinks coupled with wettability of the rock. I always go for the drinking straw in a glass example, inside a clear drinking straw water will be higher than glass water level. Capiliary forces.

Volatile oil within the reservoir is gas as described by Paul Basinski, that will work wonders for getting it moving within the rock. Gas is very easy to move. When the pressure and temperature lowers as it leaves reservoir and into completion it start to condense into oil (volatile oil worth more than brent crude). Once it is oil and in the pipe then the job is done. Pipes are designed to allow flow so nothing stopping it getting to surface.

Everything points to the water in the pores/propped open fracks requiring to be moved as advised by 88E when winter caught them out. Remember this reservoir has been flowing and still can even with heavy water in the way, once water evacuated quickly with nitrogen lift, do we really think this cracked open shale will retain gas? the gas always wants to expand and we have given it a route to do its job.

My personal belief is this well will flow with fantastic results. I'm guessing all the people buying options believed or consulted experts prior to investing $17million US.

Dave Wall put all Paul Basinskis data to experts for analysis prior to the joint venture deal.

Gas is our friend and one of the things driving out our oil.

Regarding your gas hydrates, this is expected where you have pressure drops, gas condensate is a product that has a retail value. All good.

Expand

Nice post Garry and the process you have described makes sense to me.

However, last flow attempt the well did something unexpected, for many I suspect their concern is around whether the extended shut in and/or artifical lift will eliminate the "unexpected".

Some still think there's no oil down there, and there is only gas, which currently has no value, to us.

Not long now though and we'll find out.

Cheers happy Tuesday.

88E Price at posting: 4.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

SFX

Sheffield Resources achieves milestone production, shipments at Thunderbird, WA

NIM

Nimy extends sulphide targets at Mons with new anomalies identified

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

NXM

Drilling at Bethanga shows signs of Cu-Au porphyry system for Nexus

There are more pages in this discussion • 26 more messages in this thread...

First 100 Last

Add 88E (ASX) to my watchlist

(20min delay)
Last 0.2¢		Change 0.000(0.00%)		Mkt cap ! $57.78M

Open	High	Low	Value	Volume
0.3¢	0.3¢	0.2¢	$26.45K	11.23M

Buyers (Bids)

No.	Vol.	Price($)
425	477962938	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	561032193	151

View Market Depth

No.	Vol.	Price($)
425	477962938	0.002
145	740182744	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	541032193	150
0.004	305972136	132
0.005	113364357	60
0.006	109861758	40
0.007	77742288	36

Last trade - 15.59pm 27/06/2024 (20 minute delay)

88E (ASX) Chart

Ann: Operations Update, page-100

Sheffield Resources achieves milestone production, shipments at Thunderbird, WA

Nimy extends sulphide targets at Mons with new anomalies identified

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Drilling at Bethanga shows signs of Cu-Au porphyry system for Nexus

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Operations Update, page-100

Top Stories

Sheffield Resources achieves milestone production, shipments at Thunderbird, WA

Nimy extends sulphide targets at Mons with new anomalies identified

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Drilling at Bethanga shows signs of Cu-Au porphyry system for Nexus

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News