Banter and General Comments .. BRK, page-4574

So the conversation with DP regarding Rangers flowback, the high oil content and the reason for the slower rise to peak flow after the AGM was most illuminating.

Basically, gas wants to escape the formation and well bore faster than oil as a result of being much lighter than air, and expands as it rises with the pressure drop. Jewell having a much higher gas/ oil ratio ( 3 times higher than Rangers) meant more gas pushing up the well bore as the well unloaded water at a faster rate, bringing the oil with it . This meant peak flow was achieved faster.

Rangers being much oiler with a lower gas to oil ratio, means gas has a harder time flowing up the well bore, as more oil, which is heavier competes with the gas. This means the production uplift is much slower , more step like with an uplift, then plateau, then another uplift etc.

The result will be a more gradual rise to peak oil, a longer oil plateau, and potentially a longer period after peak oil to reach peak gas. The implication, which DP mentioned during the AGM presentation is that there is a very good chance that Rangers will pay out BEFORE the well reaches peak oil production!

The mentioned rate was 1200-1300 BOEPD, still at 80 % oil, and still increasing as modelled.

We therefore may get a well payout announcement before we get an IP 30 oil announcement… “wealth destroyer “ my a@$e

Another great week to be a Brookie.

For those watching the options only 24 sleeps before they disappear from the boards and the MD , COO will have made significant investments by then, along with most significant shareholders and hopefully many smaller retail share holders as well.

Cheers

Dan