Its now become a situation where you can put reasonable figures on the table to explain where we have been over the last 5.25 years since June 07 (when the first real V success took place ) and where we are at. Also to get a feel about the likely rate of forward progress from here ,based on the cash demanded of CVN under the ECO "proposals".
I reckon that since the first worthwhile V hit in June 07 the partners have drilled about 200 V wells,including sidetracks and allowing for 2 rigs being in action for 18 months at one stage.
Applying a reasonably high success rate of 70% to 200 produces a tally of 140 initially - successful V wells.
Now coming at the 140 result from a different angle we can use CVNs statement that there are OVER 100 V wells that have been closed in but are considered resurrectable (this excludes the ALRO wells) and assume some downward fudging of the real number of shut-in wells (wouldnt you be inclined to fudge a figure like 120 down to 100 in CVNs present situation?).
So 20 is my best guestimate of the number of producing V wells right now.
20 V wells at an average of 25 bopd to CVN is 500 bopd.
Now allow for the old S wells- say 15 at an average of 20 bopd to CVN and you have your 800 bopd to CVN after the ALRO wells come on stream again.
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