Waterflood ExpectationsThis is about what we expect from waterfloods in general.
Because of the focused topic of this post, I refrained from adding another "RE" to the Coproprate Presentation discussion. This post is in reply to
Link: This Post.
I don't think waterfloods increase base production that much, or not for long. Declines continue but at a slower rate. If Declines can be brought low enough the PRY will turn out much better off.
Here's a nice .pdf file on waterflooding, though I admit it doesn't explicitly say much about rates of decline.
Link: Waterflooding
P.S. I know oil is up but I don't think they're selling at spot price. I look at Page 9 of
Link: The Latest Quarterly Report
Which might explain how we haven't budged on share price despite WTI being up.
Sorry for my inexperience, there's plenty of things I don't understand. It's a pleasure to discuss with you and keep gaining knowledge.