GREY:BEEHF - Post by User
Comment by
horizontalfracon Mar 05, 2013 9:54pm
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Post# 21084166
RE: RE: mining for oil
RE: RE: mining for oilNow what. That seems to be the question. Frac either calik 1 or 2. No 1 has been cased with possible shows in sandstone and untold shale deposit. Aee could frac the sandstone and get some production, aee has stated there not about production ( kinda crazy in the traditional view). The big shale source looks like its at #2, 320 ft of shale. The mini frac stated in earlier reports may produce 100 bpd give or take with a succesful frac. The market may interpet this as underperform. The option to wait is valid but in what time frame. Goksu well is a possible shale frac but also has sandstone shows, they seem to be working the sandstone for production. The ciksor well with 19 bpd from shale, will they frac the shale, is the 19 bpd a natural occurance in the deposit or would it be better to frac something with no production and prove the play, also does ciksor have sandstone and will they go that route. Shell is drilling now and the only positive news i expect is continued drilling that would show some intrest but i don t think shell is any hurry to let any info out. The other option would be a farmout that would lead to production, does aee have a lot of control over that? So here is my humble opinion, frac the #2 well horizontal, prove the fracing procedure, as has been done elsewhere in shale deposits. Aee was brought on board for this reason. The other option is for aee to give guidance and i won t have to guess what shell is doing. Luv to here your 2cents its just my opinion here. Glta it takes time.>