RE:RE:RE:RE:RE:RE:RE:Seven Million Shares - 1% - 10-20 cents a share added valuethanks for the detailed background SG. very helpful.
regards
Shaleguy wrote: Thanks uncut. A couple of other thoughts about the Karr plant. Firstly, the engineering company had never built a plant like this before. Whereas VII struggled in the early days of production, we learned very quickly that the huge volume of Condy had to be separated in the field, hence the "invention" of the super pad. POU basically pre built the Karr plant ahead of production, and didn't take into account liquids production. I believe their initial wells flowed into plant. Their on time was bad because they constantly flooding the inlet separation. As to ARX Attachie, more info would be useful. Since Terry is a P. eng. We have to assume it is very rich gas, although the regional mapping indicated otherwise. I think the market would jump all over Attached in a good way with more info. As to the Montney it's really complicated mainly due to basement heat flow which cooks the kerogens. Kawka is an anomaly, because it is the deepest liquids rich part of the play at 2,,800 metres. The advantage of this is it is overpressures above normal pressure. This means per the ideal gas law that there more gas reserves per unit of rock volume and more pressure means better sustained production. Because the rock is so tight, near well bores are low but a hundred feet behind the frac face the pressure is near virgin and depletes slowly. I think this is ARX is looking at slow declines by managing flowing pressure. Another aspect of the Montney which is critical is the basement heat flow. It is not uniform at all. Whereas at Kakwa, the dry had window is around 3,600 metres, at Dawson where much of ARXs dry has production is from, resides around 1,800 metres. So bottomline Attachie could be great, but just show us data that the market will react positively to. Make sense yeah?