Cheer PSI, you seem to know your stuff. Hoping CTP are on to...

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Zehn

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05/10/18

14:26

Post #: 36013417
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Originally posted by psi81 ↑

Yes, it's massive, although your BOE calculation is 1000x too high, it's 2480 boe per day. It's about 14 TJ/d - in other words basically as much as the entire rest of the field combined. They seem to have drilled into virgin reservoir, a separate compartment in the PV field, which was of course the hope.

The big unknown is whether this is a well-developed network of fractures like in the rest of the field. I have known plenty of wells in tight, fractured reservoirs that have flowed >5 MMscfd on test, but then blown themselves out in month or less because they are only tapping into a very small fracture volume.

But PV is a geological anomaly in that it comprises an excellent network of intersecting, perpendicular fractures, which has allowed the field to produce long-term. It's nearly depleted now so finding flow rates this high basically indicates a separate compartment, which obviously isn't connected to the rest of the field. We'll have to wait and see how big, but if this rate is sustainable it'll be a fantastic result. Plus it's 100% CTP so Mac doesn't get a jot of it!

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Cheer PSI, you seem to know your stuff.
Hoping CTP are on to something big here.
Looking very promising tho

CTP Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
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Last 5.7¢		Change 0.003(5.56%)		Mkt cap ! $42.47M

Open	High	Low	Value	Volume
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1	170	5.6¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
1	170	0.056
2	37838	0.055
1	462981	0.054
1	105632	0.053
4	719200	0.052

Price($)	Vol.	No.
0.058	35938	2
0.059	482673	4
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0.061	137146	2
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