GREY:VFGGF - Post by User
Post by
Iching64on Jul 23, 2013 1:34pm
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Post# 21624929
a few more details on the Canaccord report
a few more details on the Canaccord reportOk Terroir her is some more info, until you get the full report.
PRY has switched to open hole completion versus cement liner since they found that open hole completions increased the recovery rates - Canaccord implies that this colud be significant.
The waterfloods are doing very well, but for the "water cut "at one of the EV2 wells.
EV2 waterfloods increased production from about 50 bpd to 100. They had to reduce the voidage replacement to the allowed 2:1 ratio, but the production held at 90 bpd.
Of the two "twinned" wells at EV2, one has a water cut stabilized at about 50 %, the other has seen the water cut go up to about 70% - this is the main concern - they do not know how to explain this since the distance is over 200 meters, and the well is too new.
Again these are very early days and Canaccord quite prudently has taken a wait and see approach to the waterflooding - one needs more than a couple of wells to get a statistically valid decline curve or production curve for the waterfloods.