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mickkeat

491 Posts.

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07/03/17

19:38

Post #: 23166329
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Originally posted by Hotazel ↑

Can someone better explain what these results amount to. It seems vague to me. Also, how does these result compare with previous flow test?. Above par? On par? below par? Thanks

" Two drill stem tests were conducted within the Upper Reservoir units over gross intervals of 18m and 8.5m and were in line with expectations:

DST 1a flowed from an 18m interval at a maximum rate of ~4,500 barrels of oil per day (bopd) on a 60/64” choke. Two main flows of 24 hours each were performed; the first at ~2,500 bopd on a 40/64” choke, followed by a second at ~3,000 bopd on 56/64” choke

For DST 1b an additional 8.5m zone was added and the well flowed at a maximum rate of 4,200 bopd and for 24 hours at an average rate of ~3,900 bopd on 64/64”choke"

Expand

Compare to SNE-3 result:

SNE-3 tested upper reservoir units

Gross 15m: 5,400 bopd / 4,000 bopd through a 7/8“ choke (stabilised)

Gross 20.5m zone: 4,500 bopd co-mingled through a 7/8“ choke (stabilised)

Flow higher than estimated and confirmed the field is larger to the south
FAR Price at posting: 7.7¢ Sentiment: Buy Disclosure: Held
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