HOG 0.00% 0.3¢ hawkley oil and gas limited

and the bots are back, page-22

  1. 855 Posts.
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    Exactly Black hole!

    This is my concern for the use of other wells. Ukraine oil and gas development has been poor. Most wells don't achieve anywhere near flow rates like this. My issue is if the average recovery of previous wells is 5-10 Bcf and you state that your rate won't decline for 8 years, then you are telling me you can recover 20-30 Bcf over the life of the well. Why would one drill a second and third well in an area that may potentially inhibit this flow rate, unless there is a massive reserve upgrade.

    Now you understand how important the technical details of reserves and drainage are. If you imply well #201 can recover 20 Bcf over it's lifetime, then your next well is to access reserves in another area you won't obtain recovery from. To say you will have 3 development wells implies a massive reserve. If your first is going to recover 20 Bcf, then the second and third should recover 5-10 Bcf each, we are talking almost 50 Bcf reserve.





 
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