TSXV:CEN.H - Post by User
Comment by
Resilienceon Aug 20, 2010 3:31am
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Post# 17368098
RE: GO SENS GO !!!
RE: GO SENS GO !!!Oh yeah and the reason why the sp went down is the fact that expectations were unrealistically high about some drill holes and ppl should very much know this is a variable reservoir which gives variable production rates as porosity's vary.
Guys on IV know a lot more of it but don't judge CEN NR's just on one hole, see the total.
For example they drilled holes varying from 80 bopd (Miocene, but they expect to get more from horizontal drilling) to 500 bopd to 800 bopd to 2500 bopd. They're learning the characteristics of the reservoir and currently are doing a predetermined set of drill holes. Drilling is cheap and quick where they are, so subsequent drilling will be done with a lot more knowledge.
They have such a big number of prospects they won't even be able to link every succesful hole into the same facilities at some point.
R.