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10.0¢ armour energy limited

Ann: Horseshoe 4 Well Update - Initial Test Flow Result, page-27

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ggwill

2,781 Posts.

641

23/01/20

11:41

Post #: 42534428
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Originally posted by ggwill: ↑

A given well production decreases over time. So, a given company needs to drill new wells just to keep the production the same. Not sure whether MC5A and HS4 are connected yet but even if they are connected a production rate of 15TJ would not be achieved IMO.

A newly fracted shale/tight sand well first goes up in production but once the peak rate is achieved the production rate decreases rapidly. No update on MC5A, so I assume the max production was 4.4mmcd (which is very good). The flow rate will be much less once the well is connected.

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My somewhat conservative numbers if MC5A and HS4 are connected

Previous Quarterly Production 8 tj/d
Stable contribution of MC5A 2tj/d
Stable contribution of HS4 1.0 tj/d
MC4A 0.6 tj/d
Historical Well Workovers 0.5 tj/d
Minus other general well decline 0.6tj/d

total production 11.5 TJ per day. Happy to see a higher production rate.

AJQ Price at posting: 5.6¢ Sentiment: Hold Disclosure: Held
6 Upvote

2 Great analysis

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