I think it is worth commenting that these horizontal wells are not expensive (around USD0.9m per well) = very short payback period, and so far they are remaining in production at acceptable rates without steam flooding.
Could it be that as more horizontal wells are drilled across the field we will get long term sustainable flows (but perhaps not matching the initial flow) that were not attainable from vertical wells. I'd be interested in any feedback on this issue that might have been discussed at the conference today (albeit John Begg only had 20mins).
regards DF
SAE Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
