CALIMA ENERGY - Positive Outlook, page-38

First 38 Last

Share
Profile

Follow
Quest09

1,016 Posts.

137

19/10/23

09:32

Post #: 70420276
Share

Originally posted by Quest09: ↑

IMO newly drilled well, Pisces10, is potentially producing ~430 to 500 barrels per day.
So aiming to estimate the production rate of the recently drilled Pisces10 well.

According to recent announcement Pisces10 is producing "in-line with Pisces #6 and #7", which is considered "significantly above the typical production curve".

Another previous announcement describes the production rates of Pisces #6 and #7. P6 & 7 achieved an average of 505 barrels per day over the first 30 days production and an average of 432 barrels a day over the first 90 days of production.

Hence we can estimate that Pisces10 is currently producing around 500 barrels per day.

If correct, that would be a great result which is significantly above typical glauconitic production curves.

Expand

Originally posted by Quest09: ↑

If my estimate is correct, and Pisces10 is producing ~500 barrels per day, then that could be an overall oil production capacity increase of ~10% to ~15% (current production is about 3600 to 4000 barrels per day). That's a significant increase in production capacity.!

The interesting thing is that CE1 have just finished drilling another two wells (Pisces11 & Pisces12).!

If those two wells have similar production rates as Pisces10, then CE1 oil production capacity could have an increase of production capacity in the range of 30% to 45% by December.

Now that really is a significant increase in production capacity.!

PS. thanks for the compliment GARP, i'll take it . Oh, and feel free to jump onboard the positive outlook train. IMO, it's going to be a fun ride .

Expand

Originally posted by monark: ↑

Some Macro commentary Quest that you might find insightful - from a significant ASX fund manager:

Expand

Great info Monark.

Playing out in real time also.

WTI up 6.1% over the past 5 days, and IMO looking like its only heading higher.

CE1 Price at posting: 9.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

SI6

Nanocap Si6 Metals to kick off drilling at Monument gold project WA, chasing past hits

Bitcoin jumps 8% to beat record on Trump vote optimism

LRD

Lord picks up high-grade copper play in Western Australia, with past intercepts of up to 6.62%

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

First 38 Last

Add CE1 (ASX) to my watchlist

(20min delay)
Last 0.9¢		Change 0.000(0.00%)		Mkt cap ! $5.149M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

CALIMA ENERGY - Positive Outlook, page-38

Nanocap Si6 Metals to kick off drilling at Monument gold project WA, chasing past hits

Bitcoin jumps 8% to beat record on Trump vote optimism

Lord picks up high-grade copper play in Western Australia, with past intercepts of up to 6.62%

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Featured News

Featured News

CALIMA ENERGY - Positive Outlook, page-38

Top Stories

Nanocap Si6 Metals to kick off drilling at Monument gold project WA, chasing past hits

Bitcoin jumps 8% to beat record on Trump vote optimism

Lord picks up high-grade copper play in Western Australia, with past intercepts of up to 6.62%

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Featured News

Featured News