Second Wave Petroleum Inc SCSZF

Pekisko and Waterflood

[puntabeach]

 

I quote from CREW ENERGY Q4 2012 results. Pekisko obviously responds fine in Waterflood and SCS owns almost  100,000  net  acres   (100%  WI)  in Pekisko.

 

Pekisko Secondary Recovery

In the fourth quarter, Crew initiated waterflooding of the Pekisko "DD" pool bringing the total to eight pools currently under waterflood. The original Tilley Pekisko "K" and "N" pools have consistently exceeded expectations with current oil production levels 254% and 176%, respectively, above pre-waterflood levels (waterfloods initiated in January 2010 and July 2011, respectively). At Alderson the Pekisko "M", "KK" and "HH" have been under waterflood since July 2012 and have shown positive initial response with gas oil ratio reductions of up to 70% over pre-waterflood levels and some early flush oil production. At West Tide Lake the Pekisko "CC" and "KK" pools have been under waterflood since September 2012, and are showing indications of initial response through reduction in the gas oil ratio on the order of 27% on a combined basis. In aggregate, the eight pools under waterflood represent approximately 25% of the currently developed Pekisko resource (approximately 16% of Crew's Pekisko land base is currently developed).