Ann: Commencement of 2 Sunburst Horizontal Wells, page-17

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trousergecko

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19/01/22

02:26

Post #: 58962123
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Originally posted by trousergecko: ↑

To be honest, IP90 is a reasonably good measure of peak productivity for a horizontal well, and should be used for comparing engineering decisions relative to other wells only.

For calculating the actual BOePD at any point time, you need to sum up all wells over their lifetime at their point in the lifetime. It is great getting a high IP90, but the decline from that point is significant. Horizontal wells drop to about 1/3 of their IP90 after a year, IP365. I have seen some calcs where the IP90 is just added up and added to the previous quarter production, I think this leads to an overestimate. The previous wells will have declined and the IP90 only lasts for a few months, and probably doesn't overlap with wells currently being drilled.

I wish the company would produce a stacked line plot of each well, with projecedt output based on typical prodcution curves, so we could all see the forecast production from all out assets. Just one plot easy to do.

In any case oil production form those who have these plots says our production will increase to 5,500boepd, so I am happy, and be self sustaining with revenue from production driving new wells, and A DIVIDEND to SHAREHOLDERS please Money out of the company to shareholders...

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