News: Oilex sees “significantly improved performance” in Cambay 77-H well, page-65

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Joatmon

158 Posts.

16/10/14

03:14

Post #: 14131568
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Originally posted by charl ↑

Mandurah
You seem convinced that opening the choke is the answer but i dont think it will make that much difference
This well has declined from somewhat over 1k to a quarter of that level on the basis of natural decline maybe aided and abetted by a drilling program geared toward gas flow not oil
Same choke as 76

So yes we have proved the concept of fraccing and recovering possible in India but we have yet to demonstrate we can do it commercially

we have one more crack at it and lets hope we choose the same area where we should know by now how to get it right

I fear the next CR will be needed and damaging
My dreams of oppies hitting 35 have been smashed and the best we can now mange would be 15...if we can get a second well in and demonstrate viability as well as concept
Like many I feel that it it just not worth selling oppies at less than 1c

\So big question for me is what can this weell produce when cleaned up.If we could get 200 and 1 mill I would consider it a huge bonus but that may be a pipe dream

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The well is still expelling frac water and the hydrostatic column pressure of that water is reducing the wells performance - this well will be improving with each barrel of water flowed - no one seems to take this fact into account with their pessimistic views.
PI's need to be patient and wait for the wells true potential to reveal itself I estimate at least double what it is putting out now when we have all hydrocarbons and no water.

joatmon

OEX Price at posting: 8.1¢ Sentiment: Hold Disclosure: Held
6 Upvote

0 Great analysis

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