RE:RE:RE:RE:RE:RE:RE:RE:Chinook Prospect Size I agree the gas compression factor is important. I believe I saw Touchstone using 337 for estimating the size of one of their prospects several years back but I can't seem to find the reference...or maybe I'm just making that up? I am not familiar enough with the formula nor would I have access to the data to calculate an accurate value. It involves compressibility, temperature, pressure, gas/condensate compositions and ratio and probably a few other factors..I need a petrophysicist or reservoir engineer
One thing I'm excited about is that we seem to be in a gas prone area from Carapal Ridge to Royston. This area Is roughly coincident with a higher source rock maturity and richness area. (Thomas). This might mean more oil and gas has been generated from the Naparima/Gautier source rocks than in adjacent drilled areas. As a consequence we may have more abundant and more completely filled traps. In short a better place to look and less problems with water. Gas flows at high rates economically, is less prone to seal breaches and the recovery factor is generally much higher than that of oil.