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Cuervo Resources Inc CRVNF

"Cuervo Resources Inc is an exploration stage company. The Company is in the business of acquiring, exploring for and developing mineral properties in Perú."


GREY:CRVNF - Post by User

Post by bluerangeron Jan 25, 2006 12:36pm
389 Views
Post# 10240462

More production numbers.

More production numbers.I did not cherry pick the bad wells, in fact I used the ones which had been on production the longest. Here are the figures reported for a few more of their wells: 11-26-46-10W5 I.p. 662, now 382 mcf/d 12-36-46-10W5 oilwell, 28 bopd + 75 mcf/d gas 6-19-46-9W5 I.P. 953, now 312 mcf/d 5-24-46-10W5 I.P. 351, now 116 mcf/d 1-23-46-10W5 just on @562 mcf/d 14-23-46-10W5 I.P. 580 mcf/d, now shut in, oil? Check out Burlington's Jurassic YYY pool on in 1998 @ 500mcf/d, after 1 year, 200 mcf/d, after 3 yrs 76 mcf/d average, now shut-in. Cum ).19 Bcf. 16-6-47-9W5 I.P. 800, now 330 mcf/d, Good wells: 12-7-47-9W5 2.3 mmcf/d, last 1300 mcf/d, not producing at present. 15-7-47-9W5 3.7 mmcf/d, Burlington have recently offset this well in 1-18-47-9W5, so there will be a competative drainage issue. Find also have a gassy oil pool in section 16-47-9W5, typical rates 30 Bopd plus gas, probably penalised. Find have found alot of gas and oil, I just see evidence that the rates come off at a very high decline, and/or some of the wells may be gas cap wells to oil pools. Drilling 2 or 4 wells per section is not adding reserves on a W5 gas play, it is just hiding potential decline problems.
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