The time for testing is 95% determined by what the reservoir engineers want as the flow period is generally far far longer than the time to rig-up and do the wireline or coiled tubing runs.
First time around they said 1-2 days per zone, assuming now that they want 3-4 days per zone (just a guess) and that each CT run to move a sliding sleeve is 18 hours for any rigging up, pressure testing, running in, shifting sleeves and pullong out + rigging down...
So if they did all 4 zones again they would need 4 runs x 18 hours. One run to install and one to retrieve the ESP (which may take a bit longer bus say 18 hours for simplicity).
That gives 4-1/2 days for CT work. 3 days per zone gives 12 days of flow - and you're over the 2 week mark.
If they are happy with info gathered on zone #2 then that is still 5x18 + 3x72 = 306 (~13 days).
That said, I'm sure "material information" has been gathered over the last 2 weeks and NDO have an obligation to announce it...
p1000
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70.0¢ |
Change
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Mkt cap ! $159.4M |
Open | High | Low | Value | Volume |
70.0¢ | 70.0¢ | 68.0¢ | $63.33K | 90.66K |
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No. | Vol. | Price($) |
---|---|---|
2 | 17205 | 68.0¢ |
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Price($) | Vol. | No. |
---|---|---|
73.0¢ | 12541 | 1 |
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No. | Vol. | Price($) |
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1 | 14705 | 0.680 |
2 | 15500 | 0.665 |
1 | 5000 | 0.650 |
1 | 1000 | 0.630 |
1 | 4838 | 0.620 |
Price($) | Vol. | No. |
---|---|---|
0.730 | 12541 | 1 |
0.800 | 9000 | 1 |
0.810 | 9000 | 1 |
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0.825 | 39408 | 1 |
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PARADIGM BIOPHARMACEUTICALS LIMITED..
Paul Rennie, MD & Founder
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