POV-1: There was an 18 month gap between intersecting the sands and completing a flow test. In that time the sands were literally muddied by heavy muds clogging up pore throats.
POV-2: As we know this blew out at 17mcfgpd. What i didnt realise was that 1) this was from the same M-3 sands POV-1 did and POV-105 will access, though 2km's away. Additionally, its thought the Russians only intersected the first meter (s) of the sands before the pressure issue arose.
So: In theory, POV-1 could have flowed at 17mcfgpd were it not for the mud issue. Additionally, POV-2 could have flowed higher than 17mcfgpd if they had a) been able to handle the pressure and b) drilled the entire section.
POV-105 then...: Accessing the same M-3 sands as POV-1 and POV-2. AWD will case a few days after hitting the sands minimising the chance of the mud damaging the sand quality. This should lead to a better outcome in terms of flow rate. Equipment has been ordered/purchased with specific need to manage the expected high pressure. So POV-105 will really be the first full test of the field, addressing previous known issues that potentially restricted the potential flow rate. By this measure, we may not have seen the best flow rate yet. So 20mcfgpd is not out of the question when considering these factors.
What do you think? Seems logical right?
AWD Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
