Good discussion to get started doc. Rock, good estimate. You havent included anything from Defender I notice. We could see 100-120 bopd from that, which would be a net 30-40 for SSN, and round off your figure to 900 bopd.
One additional source that has been written off, but has two chances at recovery - Gretel 2:
According to the latest quarterly, the company will actually try 2 separate approaches to recovering some production from Gretel:
1. Plug off the toe half of the lateral containing the faulting thats introducing the water, and produce from the heel half of the lateral. The well was drilled to a measured depth of 16,236 ft, and they intend to set a plug at 14,000 ft (measured). According to my calculations that cuts the lateral approximately in half, which should leave about 10 out of the 20 frac stages available for production. We have seen from Australia 2 that we can get production from only some of the frac stages.
2. If the above doesnt work, perforate the Amsden formation at 5,800 ft, which may yield 100 bopd.
Since Gretel has a short lateral, I would expect lower production from it compared to Abercrombie (in the absence of the faulting), and cutting it in half will obviously yield less production. But I'm estimating if successful the plugging of the toe half of the lateral could yield a production rate of 50-100 bopd.
So there's still two opportunities to obtain 50-100 bopd from Gretel (and I like the 1st approach better than the 2nd actually).
Cheers, Sharks.
SSN Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held