Why not look at optomizing production further??? bros and sis, Perhaps BNK should look at Wavefront's Technology. The glory days of $100 oil, had oil companies drill, drill, drill. Now with sub $40 oil, optomization of current production makes sense. Watch the video on Wavefront's home page. usually 30% to 200% BETTER performance in production (waterflood application).
https://www.onthewavefront.com/
Increases production and extracts more oil from the ground. Why drill when you can extract the oil cheaper with Wavefront's technology??? Has BNK taken a look at Wavefront, WEE??? The Saudi's are starting to. National Petroleum Services, https://www.npsintl.com/, huge Middle Eastern Service Provider has struck a deal (oil companies move slow in adopting technology). Peace.
From a prior Banker's news release: Enhanced Oil Recovery (EOR) Program
The polymer and water flood patterns in the Patos-Marinza oilfield continue to perform to model expectations from the nineteen (19) polymer and four (4) water flood patterns installed by year end 2014. Reservoir pressure and production response are positive with good reservoir flood conformance.
In Q1, Bankers converted four (4) additional wells to injectors. As of March 31st, two (2) wells were on-line injecting with the remaining two (2) wells expected to begin injection by mid-April. The Company continues to be strongly encouraged by the results to date and plans to move forward with 20 to 25 additional conversions in 2015.