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Candax Energy Inc CXEYF



GREY:CXEYF - Post by User

Bullboard Posts
Comment by Resilienceon Oct 14, 2008 4:07pm
167 Views
Post# 15525213

RE: BB

RE: BB

from 31st July NR: "The oil production also includes significantly higher levels of condensate which has been separately tested at approximately 70 barrels per million cubic feet of gas"

Don't calculate the normal gas to boed rate which is 166. These condensates get stripped of first out of the 22mmcf.

Then 7 mmcf goes into Seeb of wich candax get 4.7 mmcf gross (roughly she said, as it should be 0.738x7=5.2mmcf) - this is the part they do calculate as production.

The 15 mmcf goes straight back into the well and doesn't get counted as production (it actually sometimes get's flared)

R. 

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