GREY:STPJF - Post by User
Comment by
Junit290on May 28, 2014 1:40pm
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Post# 22606186
RE:RE:RE:Want the stock down or?
RE:RE:RE:Want the stock down or?
Herc,
Your right that the ICD's could fail but they're designed for the specific reason of correcting Steam Breakthrough. From what I've read and gathered from this BB is that upon SB(steam breakthrough) the ICD cuts off vapour flow and only allows fluid into the producer well. The steam then has to find another way to get through, which is what we want because at the moment the steam is limited to the breakthroughs and isn't warming up more sections of the well.
I understand the well 1P5 had a SB, and they installed an ICD in it and well all read from the latest operations release that the well had already more than doubled in production rates by March. Fingers crossed by now we should be seeing some meaningful production out of that well. When we will get some figures is out of our control obvisouly and I'm in agreement with you that share price will likely slide until then.
Junit