Not sure of that Cosmo (10 or 20 mil bbls, ie) as they'll have to look for any 'unswept' portion of the field or a newish compartment.
Buffalo was a smallish structure with multiple sands & had 4 Oil producing wells. Buff#3 & B5 were on a good location, so produced bulk of the Oil (15.9 mmbbls) for most of the 5 yrs of production (55 & 58 months to b exact), whilst B7 & B9 produced 3.6 & 1.022 mmbbls each over 30 & 9 month period.
Total prod was 20.5 mmbbls predominantly from B3, 5 & 7. In the last 15 mths of Production the Water cut got to 80% & then 87% & the JV tried 2 months of shut-in but that only got them 3 extra months of oil with not much change in Water cut. At the end Water to Oil cut was too high (85+%) to keep going.
Basically CVN just needs to look for any unswept sweetspot or a Sand & then come up with a plan to flush that oil or drill a well etc etc.
- Forums
- ASX - By Stock
- August Newsletter
Not sure of that Cosmo (10 or 20 mil bbls, ie) as they'll have...
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CVN (ASX) to my watchlist
(20min delay)
|
|||||
Last
19.0¢ |
Change
-0.005(2.56%) |
Mkt cap ! $339.9M |
Open | High | Low | Value | Volume |
20.0¢ | 20.0¢ | 19.0¢ | $801.7K | 4.134M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 1776385 | 19.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.5¢ | 114832 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 1069385 | 0.190 |
16 | 2134901 | 0.185 |
9 | 822672 | 0.180 |
5 | 282022 | 0.175 |
4 | 310500 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.195 | 114832 | 3 |
0.200 | 828315 | 12 |
0.205 | 720721 | 11 |
0.210 | 770536 | 16 |
0.215 | 376747 | 7 |
Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
Featured News
CVN (ASX) Chart |