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Bullboard - Stock Discussion Forum Second Wave Petroleum Inc SCSZF

Bullboard (GREY:SCSZF)

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Comment by kootenion Jul 04, 2011 12:31pm

RE: RE: RE: kooteni

Your comment:but if the fluid level is 9000 feet underground, just how is the oil getting out of the well?You see, Mr. Expert, that backpressure will always be there as that 9000-ft column of oil ...more  
Comment by binzer55on Jul 04, 2011 8:16am

RE: RE: kooteni

Well, koot, if you have "30 years experience in the oil patch", I pity the companies you worked for.Your "explanation" of the reason for the well only producing 350 boed is ...more  
Comment by kootenion Jul 04, 2011 12:14am

RE: kooteni

It's obvious you know little or nothing about reservoirs or production whereas I have 30 years experience in the oil patch.First off the well is being restricted, The pump equipment currently ...more  
Comment by binzer55on Jul 03, 2011 9:55pm

RE: RE: kooteni, p.s.

They only restarted the well around the beginning of June, after being shutin for over a month. From what I have been told, they are not restricting the production intentionally. That could mean a lot ...more  
Comment by donofdubaion Jul 03, 2011 7:47pm

RE: kooteni, p.s.

BinzerI see in the quarterly report highlights that the well did flow at 1825 for a 15 day period and at the time of the report was producing at 350.  Can you tell me if the well declined to 350 ...more  
Post by binzer55on Jul 03, 2011 4:41pm

kooteni, p.s.

The first jv well declined from 1825 boed to 350 in less than a month on production.And you project it to only decline to 200 boed after payout?Seems a tad optomistic to me.
Comment by binzer55on Jul 03, 2011 4:25pm

kooteni

You make a heck of a lot of assumptions.You assume that SCS's reserve projections are a guarantee. There are no guarantees.You assume that they can waterflood this formation. According to ...more  
Comment by kootenion Jul 03, 2011 3:05pm

RE: I hate to be the bearer of bad news

You claim the BHL may not be economic needs facts which your post lacks.From news releases and their June presentation I get the following;- Ultimate reserves - 250k Boe which does not include ...more  
Post by binzer55on Jul 03, 2011 8:18am

I hate to be the bearer of bad news

But SCS's BHL land may not be economic.Yes, that first joint venture well had spectacular initial flush production, but what is it doing now? And how quickly will it decline to a marginal rate ...more  
Post by DrRollon Jun 30, 2011 7:57pm

SCS is over sold.

Could take off in any time soon.
Post by ProfitHunteron Jun 19, 2011 11:07am

SCS Footnotes

The basis of the operational updated was the latest presentation on the website. Three rigs going to be deployed once it dries up.  Currently a rig is just sitting due to the high levels of ...more  
Comment by greener12345on Jun 18, 2011 3:35pm

RE: coral hills confirms

nice post--i have the same info now we have to find out how big was the find (38 million lands purchase as a result) https://seekingalpha.com/article/275108-7-reasons-to-concentrate-on-unconventional ...more  
Post by totaldepthon Jun 18, 2011 1:58pm

coral hills confirms

Just went to Coral Hills website (access for private shareholders only) and they have now confirmed on a June 15th presentation that they are one of the JV companies that farmed in on ...more  
Post by zendaon Jun 16, 2011 1:57pm

June presentation

https://www.secondwavepetroleum.com/documents/pres/SCS-Presentation-2011-06.pdf
Post by greener12345on Jun 15, 2011 10:16am

SCS

see my posts on the MEL board
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