ACN 0.00% 28.5¢ acer energy limited

undervalued dyor my 2 cents, page-10

  1. 497 Posts.
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    actually i sold out this am after i did heaps of research on it last night. while the last resource pool result suggest if the saddle is filled with oil it will be 100mmboo per layer i.e. a total of 200mboo for the whole area, inp has got significant problems getting the old out. it is low porosity/permerbility sandstone & even with pressure makes the oil hard to extrart. at the flax field even with it's better permerbility than the juniper field the extract ratio is only 16%. flow rates are too low. inp has been saying it will get 1000bopd since 2006 & it still has not reach that target yet.


    again dyor, this is just my 2 cents
 
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