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Longford Energy Inc V.LFD



TSXV:LFD - Post by User

Comment by HHdocon Feb 08, 2011 8:42pm
135 Views
Post# 18098383

RE: RE: RE: RE: 5000/day already discovered... Now

RE: RE: RE: RE: 5000/day already discovered... NowMaysteeler
We have all seen this umpteen times before? And again for your education, we do not know how long well 7 tested at 4800 bopd? And 4800 bopd for 1 hour in 1936 with declining pressures may indicate a stabilized rate significantly lower. No one knows this, but for certain the well would only have been tested for a short time span. No one has portable surface facilities to handle a large volume of liquids. So typically, tests are for 1 or 2 hours and then rates extrapolated and stated as a daily rate. I have seen some well tests in Iraq that were 15 minutes long and stabilized rates could not be determined until the well was completed. But unless a stabilized rate is established, this number of 4800 bopd could be a large red herring. I have told you before that the best Jeribe wells are closer to 2000 bopd, but you always choose to disregard data which detracts from your imaginary dream.

Yes there was oil tested at Chia Surkh but what are the details. If you want to believe it is 5000, 10000, or 20000, power to you. However many times you want to say this, it is not going to change anyone's mind until CS 10 is drilled and we know how thick the reservoir is, what is the porosity and what is the stabilized flow rate?

These are all critical unknowns which are why the resource estimate varies from 6 million to 6 billion barrels, and why Degolyer did not state that this is a proven reserve. Do you know something they don't? I doubt it!
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