TSXV:AXE - Post Discussion
Acceleware Ltd
> I WAS VINDICATED: TOTAL REINSTALLATION Of ALL SUBSURFACE
Post by
ztransforms173 on Mar 21, 2024 9:53pm
I WAS VINDICATED: TOTAL REINSTALLATION Of ALL SUBSURFACE
COMPONENTS: RF XL pilot update
Operations at Acceleware's RF XL pilot began in early March, 2022, and successfully operated until July, 2022. At that time, the fibre optic distributed temperature sensing (DTS) system in the heating well was damaged during a maintenance operation. After the DTS break, RF power was reduced for safety and a plan for the workover was developed. The workover commenced in October, 2022, and included numerous upgrades of critical RF XL components. During redeployment of the system in Q1 2023 and Q3 2023 Acceleware identified degradation of some additional downhole components due to water ingress. The company has now determined with its industry partners that the most practical path forward involves a redeployment of all subsurface components.
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- it is APPARENT WHY they RESISTED THIS OPTION TILL THE END
- it is a VERY EXPENSIVE RESOLUTION to the CRITICAL SETBACK:
It was determined that the most practical path forward involves a redeployment of all subsurface components incorporating the multiple improvements and upgrades that Acceleware has made to the RF XL downhole system. Acceleware is actively sourcing an additional $5-million of funding to complete the redeployment. The redeployment is expected to enable higher power to be distributed in the reservoir for a sustained period in a second phase of heating.
z173
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