While they supposedly enter the twilight zone again with production tests....? Recalling the announcement that is now costing $75 million
Assuming the production test are now in progress (4-6 days), results are potentially happening now?
As previously stated ..... "Prior to suspension of testing and during the initial clean-up flow period the well flowed 111 barrels of fluid (formation oil, base oil and drilling brine) to surface tanks along with formation gas. Flow rates measured by 15 minute tank dips averaged 413 barrels of fluid/day with surges up to a maximum of 1,700 barrels of fluid/day. No acid stimulation was used for the clean-up flow??? The test will be conducted over the entire 432m horizontal open section and the main test period is expected to take 4 - 6 days. Based on the results of the initial flow, the test procedure has been modified to manage any further influx of LCM(lost circulation mud)."
That 15 minutes is obviously a very short time and obviously was only a very minor test result (with 1700 barrels/day) = an estimate to say the least( 15 minutes in 1440 minutes) actually represented only 1% of the daily flow rate. So its obviously general guide, BUT significantly with full flow testing the final numbers can be anything X2 or X3 this number or more. So hope is definately on big flow which will well and truely compensate the initial $75 million cost so far. Comparable we hope HW3 its just as big (if not bigger) as ENIS Baraka (37Km away) and Maamoura (12 km away) with is in excess of 8000 barrels per day fields.
AND what SECRETS does that 432m horizontal part still hold?
JKA Price at posting:
12.2¢ Sentiment: Buy Disclosure: Held
