AED 0.00% 14.5¢ aed oil limited

suddenly its only 20k bopd, page-26

  1. 6,650 Posts.
    No I do not expect the water to disappear, its quite normal to have water saturation around 10 to 30% in oil fields, so no problem with AED statement of 11% water saturations.

    The key thing to understand is that most of this water should be present as a thin film of water around the sand grains and is normally not producible, its chemical attached to the sand grains.

    So for AED to be suffering already 12% water cut is really significant information and the rational given by the Director/managements as it just being caused by sand mobilizations doesn't wash!!!

    I look forward for clarification from the company

 
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