Compass Venture Inc T.CVI.A

RE: RE: RE: RE: RE: RE: corrections

[GMJFAR]

Sorry but I guess this is were I seen the condensate ?
 

Qarn Qaymah-2 ("QQ-2"):

Calvalley has completed the initial testing of QQ-2 which included separate testing of the Fractured Granitic Basement ("FGB") and the Kohlan sands. QQ-2 is currently shut-in for pressure build up to further assess the extension of the Kohlan sands and potential areas of improved recovery.

The initial test of the FGB confirmed that the Qarn Qaymah structure lies within a high quality oil system. The seismically defined structure covers an area exceeding 37 square kilometres. The estimated hydrocarbon column at QQ-2 exceeds 380 meters. Smaller diameter tubing (2 7/8 inch) utilized during the testing enabled the well to flow naturally. Production tests produced 43+ API sweet crude, 55+ API condensate and associated solution gas continuously over an extended period of time at fluctuating rates reaching a maximum of 2,350 bbls/d of liquids (oil and condensate) with no formation water. However, a sustainable production rate could not be achieved due to excessive hydrostatic overhead (> 3,500 meters). Management believes a sustainable production rate can be accomplished by installing an Electric Submersible Pump ("ESP"). ESP's are currently used by most of the FGB producers in Yemen.