Downward SpiralWhere should one start...
The apperance of lack of basic conceptual knowledge of gas field development is quite visible; starting with the drilling/re-entry order. The shareholders now need to see a 4 pt mod iso test on the re-entry of the stated 18 mmscfd Aruchara1 well next. Poor cement procedures of yesteryear can result in gas reservoir depletion.
Please post the original test data for Aruchara 1.
The novice approach to completing a multi-lense stacked gas reservoirs rings through in the press release.. It is astounding that they knowingly opened up many stated low resistivity zones without concern for the consequence of water inflow to the quality and outcome of the test. They had to know there was going to be water in some of the zones. Now they offer a soother of a 1.5 MM workover to confirm clear PLT results in a now compromised and flooded wellbore. Crossflow may also continue if not suspended properly - any good gas zones may now not be recoverable.
They probably shot the zones with wireline, OVERBALANCED with less than ideal work fluid in the hole too; might as well inflict a bit of zonal damage before flooding any potential good gas zones with water. Whos idea might have this been? The accountant?
Classic case of blind self sabotage.
Limited sign of any corporate or technical gaswell experience or conscienceness in this debut performance. There needs to be an upgrade on the board, and another comprehensive cleanout of management and complicit operations people to make this campaign anything more than costly hapless comedy.