TSXV:CLAS.H - Post by User
Post by
willibrichon Nov 30, 2010 12:07pm
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Post# 17777086
Mirador should be uniform
Mirador should be uniformin porosity and thus in pressures throughout the formation.
And having worked in the oil patch for most of my career, I can read between the lines of QEI's discovery well announcement, with several more weeks of testing needed.
With such a large amount of oil from a discovery well, it results in a significant logistical problem of what to do with all that oil from an extended flow test. You need alot of storage capacity on site for all that oil. And that is the situation , even if they do not use any pumping procedures .
Hence the reason for Quetzel's decision to stop flow testing after only 5 feet of the Mirador.
You will note from other press releases of companies in the Llanos Basin that pumps are often not used in a significantly large volume discovery wells. Except for when a pipeline is close by to take on the extra volumes of oil.
Because the company knows that they have a new production well and they will wait until a pipeline is close enough before they maximize production flows. Pumps can increase production by 40 to 100 %.
Thank you for the extra low priced shares.