As this is onshore the economics are better then offshore with only modest flows required to be economic as long as development wells can be done in a timely manner.
It might be that fracc equipment is a requirement for these strata and it comes down to punching as many holes in and routinely doing workovers.
It's going to be an interesting few months ahead.
Just look at the stereotypical heavy oil field in California and some of these have over five thousand wells drilled in structure.
Ann: Block 9 Alameda 3 Appraisal Update (Alameda reservoir), page-455
-
- There are more pages in this discussion • 528 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MAY (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
3.3¢ |
Change
0.001(3.13%) |
Mkt cap ! $111.2M | |||
| Open | High | Low | Value | Volume |
| 3.3¢ | 3.4¢ | 3.3¢ | $67.83K | 2.054M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 254456 | 3.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.4¢ | 1556167 | 6 |
View Market Depth
| Last trade - 15.23pm 27/09/2024 (20 minute delay) ? |
| MAY (ASX) Chart |