TSXV:WEE.H - Post by User
Comment by
mrtnreaon Nov 15, 2010 8:05pm
213 Views
Post# 17709924
RE: RE: Polymer flood info
RE: RE: Polymer flood infoIt is a cost to get more oil out of an existing resource. the producers will determine if it is worth getting the oil out or not. I suspect that is a no brainer for them and that is why the increasing acceptance of the process.
As WEE shareholders our only concern is if they choose Powerwave to deliver this modified waterflood. Obviously chemical flooding is producing phenominal results and some of these trials have been longish term from what I have been reading.
To your point Brnt:
1 - They are getting acces to oil they previously didn't have access to
2 - It is definately cheaper tha CO2 and probably much cheaper than drilling new wells .... that I guess because so many wells are being converted to injectors.
Interested in others opinions on this. Could this be Wavefront's achilles heal or tipping point ?
Mrtnrea