RE: AKD05 flows over 1500 bbl/dThis should please the market tomorrow, it was better than I had hoped for!
Some other comments:
"AKD05 Doris appraisal well in Kazakhstan has flowed some 2,088 barrels of fluid per day, of which 1,568 barrels per day was good quality (45 degrees API) oil. The well flowed with good surface pressures and the flow was limited by the surface facilities. Flow data indicate that the well would be capable of flowing around 3,000 barrels per day with reconfiguration of the production facilities."
Not sure why they are also flowing water, it could be from a lower section in the well. 3000 bbl/d of 45 API oil is a very nice well!
"The well is producing from the same Upper Jurassic carbonate sequence, which was also productive in the AKD01 Doris discovery well. Following reconfiguration of the surface facilities the well will be placed on long-term test production. The well is already tied into the Doris oil production facilities and the oil will be trucked for sale along with oil from the AKD01 well."
Very positive that they can take this straight in on long term test, it's crucial to get this info from the Jurassic reservoir in order to assess the full potential and book reserves (plus a lot of cash flow!)
"We have a well, which has the indications of being a good oil producer from this laterally extensive carbonate reservoir. The reservoir characteristics appear good, the oil of good quality and the data from the long-term production test should give us a much better idea as to the size of this reservoir. This is a good result!"
"The Upper Jurassic carbonate interval is present across the area and is a good seismic marker on the new 3D dataset."
Note the "laterally extensive" and "seismic marker" points Sarssam makes, that's what I was talking about in a previous post. This reservoir doesn't come and go, it's regional formation.
Hopefully this will mark the low point for TPL, God knows we've been tested enough by now.
Good luck to everyone, the reward will come.
//D