Use the gas you produce. Simply seperate the high liquids content and re-inject the gas to keep your reservoir fluids above the dew point. You only need to look in our own backyard to get a blueprint for development. The NWS (which Scott has intimate knowledge of) did gas recycling at both North Rankin and Goodwyn. You basically keep the reservoir pressure high so the liquids don’t condense and get trapped in the reservoir by re-injecting dry gas away from your producers. The PAC evaluation is somewhat simplistic in that it only values produced gas that is sold. Could produce far more liquids rich gas and re-inject what you don’t sell to keep the reservoir pressure above the dew point. This is all reservoir management principles that Scott is well experienced in.
IVZ Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
