RE:RE:RE:RE:RE:RE:RE:RE:Chinook Prospect SizeBack to reality for a moment.
Thankyou for trying to explain this, yes it's very complicated but fascinating. The technology this industry has developed is quite amazing really, dropping a gizmo down a 10,000 foot hole and being able to tell how large a deposit is , is quite amazing. And siesmic too is amazing.
As I've said before I've spent most of my investing life in the junior metals space so the oils are an aside for me and the learning curve a bit steeper so I appreciate your help.
What a neat deal this is turning out to be and in spite of all Pauls failings I think he might just stumble his way into turning TXP into a multi billion dollar market cap co.
Just takes a little patience on our part.
Thanks again.
Espana wrote: Goaweigh, I was thinking you may run across a slide or map that Touchstone or someone else puts out to show progression of the drilling program. Usually they put out diagrams with drill locations that are hundreds of meters across just for illustrative purposes. The smaller the dot relative to the map scale the better to measure distances.
Re. Locating barriers in a reservoir. This is above my pay grade but I'll tell you what little I know. There is a complex formula involving constants, viscosity, compressibility, porosity, permeability and time. Throw in a square root for fun. You flow the well for a set time and record the pressures at the well bore...they drop. The difference between initial reservoir pressure and the flowing pressure Is drawdown. It is in the "Shape" of the build up curve i.e. time vs pressure as measured by the recorders that they can determine a barrier and it's distance. Plugging TIME into the complex equation allows them to determine a radius of investigation. If no barrier is detected the length of time the recorders are in the hole allows them to determine how far out the test investigated. I'm sure there is someone out there that can explain it better than I