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Carcetti Capital Corp TPNEF


Primary Symbol: V.CART.H

Carcetti Capital Corp. is a Canada-based company. The Company operates through the oil and gas industry segment. It is focused on seeking a new business opportunity.


TSXV:CART.H - Post by User

Post by nozzpackon May 16, 2022 8:34am
104 Views
Post# 34685770

Completing Installation of NRU

Completing Installation of NRU

Kub purchased a new Nitrogen Removal Unit for the RK field in 2018 so that the half dozen or so wells could resume production directly into the capturing system with nitrogen content meeting pipeline requirements .
This was a significant move, as three new wells drilled in 2013-15 had IPs averaging about 350 boepd each but were not significantly depleted when production was suspended in 2016 when the gas blending  contract ended .

However, the Manufscturer continued to have problems completing the full install.

On April 17, 2019, the Corporation settled its arbitration claim against Sep-Pro Systems Inc. (the manufacturer of the NRU) and took possession of the NRU.

At that point , the  Corporation was negotiating with engineering firms to complete the required process improvements.

Given their balance sheet problems, it appears nothing has been done since then, but with lots of cash now, successful installation of the NRU would transform production from the RK field to its earlier prospectus of volumes of at or above 500 boepd .

In the US, NRUs are used in 25 % of gas wells to remove high levels of nitrogen ..

 
 
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