EXR elixir energy limited

General chit chat thread., page-4838

  1. 895 Posts.
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    Hi @Wonkers. Apologies, I'm not awake today. A recovery factor of 20% for gas condensate sands is realistic because they have assumed fracture stimulation of tight sands (RF range from 15% to 30%).

    If the reservoirs were conventional with good permeability then 70 - 80% RF is possible, and might be 50 - 60% if it's not good quality formation.

    I would expect the oil bearing sands in the OMA Canyon formation (extends from Canyon 1 to Canyon 2) to have oil RF in the range 20 - 30% (my opinion).

    I think the best approach when comparing with OMA is to treat the recently discovered oil in the Canyon sand separate from the other gas condensate bearing sands. Currently. we are awaiting an update regarding Contingent Resources. which is expected in the next few weeks.


 
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