AKK 0.00% 0.3¢ austin exploration limited

Just a stupid question:If "Well A" flowed at 500 BOPD by natural...

  1. 1,514 Posts.
    Just a stupid question:

    If "Well A" flowed at 500 BOPD by natural subterranian pressure...and a similar well..."Well B" had some sort of special pump attached...so it flowed at 1000 BOPD....would "Well B" be worth twice as much money as "Well A" ??!

    Or would logic prevail and people realise that "Well B" (if is was...in fact...similar to Well "A") should run dry twice as quick !!!

    In our Birch # 3 example...the following is stated in the most recent announcement:

    The well continues to flow-back drilling fluids to the surface under natural pressure. Approximately 50,000
    barrels of drilling fluids were used to drill the 4000 ft horizontal leg of this well.

    Although it takes more time, it is preferable that the well expel these fluids naturally rather than being lifted out by a pump jack.

    Austin’s engineering team continues to monitor the well around the clock in expectation that oil production is
    imminent.

    Results will be communicated to the market as soon as they become available.

    THESE ENGINEERS ARE HIGHLY EXPERIENCED AND PROFESSIONAL....read this again..."Although it takes more time, it is preferable that the well expel these fluids naturally rather than being lifted out by a pump jack."

    Cheers
    Any comments ??!
 
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