RE:RE:RE:RE:RE:RE:RE:RE:For those relying on Malcolm Shaw's research Gladstone22 wrote: The formation they have is very tight low porosity , they will have to frack the hell out of it to get a decent flow. jmho
Quotes from geo- scientist and former oil and gas analyst M Shaw -
With Yamalik-1 proving the BCGA concept and showing rates that far exceed any pre-drill expectations, the path ahead couldn't be more clear. There are scenarios where vertical and/or horizontal development could yield flow rates that would make any tight gas developer jealous and the pricing, strategic location, and fiscal regime in the Thrace are absolutely first class. If there was anyone who still doubted that this might not be a BCGA, I think that this should pretty much seal the deal for them. Yamalik-1 has now proven gas and condensate in four separate test intervals, all of which are outside of any kind of structural closure. Log interpretations, pressure data, hydrocarbon saturation, and lack of moveable formation water all continue to demonstrate exactly what one would expect from a BCGA. Rates from any one of the four reported tests would make any tight gas developer salivate. For context, many a Canadian Montney field has been discovered based on a single vertical test rate of 0.2-0.3 mmcf/d and Valeura has now reported four tests in four separate intervals ranging from 0.4 to 0.9 mmcf/d (all at restricted rates and all only partially cleaned up).