GREY:STPJF - Post by User
Comment by
Eyeinvestoron Mar 30, 2014 9:51pm
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Post# 22388369
RE:RE:Production forecast and the future
RE:RE:Production forecast and the future
Eye is very positive on STP but forecasts a different route to success. #1 There may be some production from Pad 1 but I don't think it will be a successful Pad in the near term. I don't think Pad 1 matters. IP5 is useful data BUT doubling fluid on a well that was producing sub 50bbd is not making us rich. 1P2 and 1P4 monthly numbers suggest to the Eye that they are either shut down or on the verge of being shut down, and ICDs would not have any immediate impact. IP3 and IP6 maybe some potential for ICDs but added on to 1P5 that is 3 wells out of 6, and all three together wont add as much production as adding ICDs to one well on Pad 2. Eye wants STP to pick the low hanging fruit FIRST. #2 Contrast the shape of pad 2 production on a well by well basis. ICDs could have much more immediate and positive impact on these wells . Eye would want to see STP focus 100% of their first ICD efforts on Pad 2. Eye's picks would be 2P2, 2P5 and 2P6.