Remember the last PB announcement
Especially the "discovery of a new lower Wolfcamp interval... has shown significant potential"...
I am the only one that can see and read this?
Yes it is going to take longer but the rewards will be even better still... there should be another announcement from PB soon, but this thing is going to evolve - not come screaming in overnight.
SRH-1 Well, our first well drilled in the Permian project continues to serve as our “test hole” as we
investigate various completion techniques, address production challenges and extensively test several
of the Wolfcamp intervals. One result of our testing program thus far has been the discovery of a new
productive lower Wolfcamp interval. None of the surrounding wells drilled recently on adjacent
acreage had drilled deep enough or tested this interval. This lower Wolfcamp interval has shown
significant potential for horizontal drilling and we are currently evaluating the potential for its own
horizontal drilling program to go along with the Upper and Middle Wolfcamp sections that are being
horizontally drilled on the surrounding acreage. Production challenges including gas locking, parafins
and high bacteria levels are all being successfully addressed in the SRH-1 well with different
combinations of production equipment and chemicals.
- Forums
- ASX - By Stock
- GGP
- new ann
new ann, page-13
-
- There are more pages in this discussion • 34 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)