Second Wave Petroleum Inc SCSZF

RE: RE: kooteni

[binzer55]

Well, koot, if you have "30 years experience in the oil patch", I pity the companies you worked for.

Your "explanation" of the reason for the well only producing 350 boed is hilarious;

" the fluid level is at surface in the annulus. When a well is producing at maximum rate with a pump, the fluid level
is at the pump (and the pump is at the kick-off point  approx 9000 ft.) in this case the gradient of a 9000 ft of oil results in an extra formation pressure of 9000 x .3psi/ft = 2700psi This back pressure is restricting the flow into the wellbore. In a pumped off condition the same pressure would be in the range of 400 psi. If the pump equipment is designed for 350 boepd the production will remain at 350 boepd until the annular fluid level drops to the bottom."
 
You say that the backpressure caused by the oil in the vertical wellbore above the pump is causing low production rates. And that when the fuild level drops down to the pump level, then production will increase? Correct me if I am wrong here, but if the fluid level is 9000 feet underground, just how is the oil getting out of the well?
You see, Mr. Expert, that backpressure will always be there as that 9000-ft column of oil above the pump will always be there, exerting a backpressure on the pump. So much for your "explanation".

As for the formation thickness and porosity numbers for SCS's BHL , you apparently are too lazy to look at SCS's news releases. You only had to go back to the nr of Sept 27 of last year where talk about their Gilwood/BHL test well results;

"In addition to the Gilwood completion in the 03-14 well, and as part of its planned evaluation of the Beaverhill Lake formation, Second Wave obtained and analyzed an open hole core in the 3-14 well bore. Core analysis indicated that the Beaverhill Lake had an aggregate of four meters of hydrocarbon pay with an average porosity of approximately six percent."

So you see, Mr. Expert, it is you who seems to know little about this play.