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VIRGINIA HILLS OIL CORP VFGGF

"Virginia Hills Oil Corp, formerly Pinecrest Energy Inc was incorporated under the ABCA on March 24, 2006 under the name Testudo Oil & Gas Exploration Ltd. The Company is a Calgary, Alberta-based oil and natural gas exploration, production and development company with operations in the Canadian provinces of Alberta and Saskatchewan."


GREY:VFGGF - Post by User

Comment by ofirmeon Jan 29, 2014 5:43pm
167 Views
Post# 22150133

RE:waterfloods increasing production?

RE:waterfloods increasing production?Waterflooding increases the oil flow from the 30 per day up to over 70 (over time). it arrests the
 further decline and let the flow (of water and oil) increase (due to increased pressure).
At a certain point it peaks and then it goes down again at a more moderate rate than primary 
 was going. what you see is that 25% of the producing wells become injectors (where water gets
 injected into the ground) and also there are still close to 25-30 wells that are still before their
 water flooding and there were 17 more untill mid november on top of the 7 that are now 
 injectors for the otter waterfloodings. the total was still going down, but at a lower and lower rate
 and once the otter ones start responding it should move over the tipping point and increase (due
 to the lower decline and production from the ones before flooding and increased production from
 the waterflooding projects.
That is the entire idea behind the waterflooding.

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