OEL 0.00% 1.1¢ otto energy limited

If flow stabilises at 200 bopd then payback for the US 1.1...

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  1. 4,817 Posts.
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    If flow stabilises at 200 bopd then payback for the US 1.1 million cost around 3 months .

    BYE said the B55 and the JI sand were small accumulations in the 50 to 100,000 bbl range .

    Depletion should be relatively quick , probably only a year or so .

    Thought recompletion in the J1 sand was the next after the B55 was depleted , then possible sidetrack after that .

    BYE has a couple of SM71 drills on their forward plan , but not for some time .

    I would like to see them drill another SM71 well  sooner to get the production up to the platform limit .

    Both companies could use the increased cash flow . 

    Might be a squeeze to fit it into the drilling budget but well payback would be quick .


    Lets hope the b55 sand stabilises at a higher rate .


    gltah

 
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