GREY:RGVNF - Post by User
Comment by
JennyB2on Sep 24, 2010 2:18pm
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Post# 17489803
Naw, definitely gums, not teeth.
Naw, definitely gums, not teeth.
From Denbury Press release:
"Gross oil production in the field for the last two weeks of Marchaveraged more than 200 barrels of oil per day from just the first threeproducer wells in the initial injection pattern."
Granted, this is for only two weeks...but anyone want to put a pencil to the $70+ million, I think it was, Denbury announced was going into the ground and remember, after enhancement, oil field production declines, it doesn't increase.
Go to their website and read their annual report .pdf and you will see the decline in their rejuvenated oil fields production.
REV may be in the same Delhi Field, but dollars to doughnuts, they are not on Denbury's flow pattern in the "complicated lithology" involved with injecting all that CO2 which also has to be recovered.
Hopefully for you stockholders, there will be some blowby CO2 enhancement that will push some oil-water/CO2 emulsion to where one or more of REVs down-hole pumps can lick at the edges a bit.
PS Curtis! Let us have your customary expert commentary.