RE:RE:RE:RE:P8=643mcf/d in Inanli deepViking2017jorsa wrote: frostback wrote: This is all very interesting....talk of horizontals....50% decline rates.....short sellers...boogie men in the closet! lol Get serious folks....this is a very speculative play and as such one can expect to loose their investment. I believe Viking has a cautious outlook of show me the numbers and then a sound decision can be made based on factual evidence. IP rates are just that - Initial Production rates that are used to fill a statistical model that may or may not be close to the relative decline rates depending upon how close the assumptions in the model are to actual operating conditions.....and this will change from location to location in the field itself. All of that being said, I have watched this board over the last year with interest and at this price I will pick up a few shares on "Speculation". GLTA
Could need an IP30 here to model
Viking/Equino, your comment implies that if you do know anything about what's happening on the ground, that it is positive and you are laying the ground work to find something wrong with the news. Don't worry all, in a couple short days we all get to find out if Vike the paid basher or the rest of the long believers were right.
It is funny how the local experts are correlating flow between what Inanli did and what they "think" that Devenipar will do as they are separated by 20 km. I've seen flopped duster wells and the next delineation well steps out 2 km in the same zone and somehow shows a huge flow rate with low decline. There is literally no delineation data to correlate in the zone that they are currently. Uncharted territory.
....but they chose to frack the hell out of zone 1 of Dev-1 for likely a very good reason, don't you have to assume???