CC: GFR Has MASSIVE BOP ADVANTAGE Over Other SAGD OperatorsDRILLING RE-FILL WELLS:
- COST: $ 3.0 to 3.5 million per refill-well
- TWO WEEKS to DRILL and COMPLETE
BOP ADVANTAGE:
- ONLY TWO WEEKS AFTER DRILLING and COMPLETION TO COME ONLINE and PRODUCE BITUMEN
- other SAGD OPERATORS REQUIRE 6 to 9 MONTHS AFTER DRILLING and COMPLETION to BEGIN BOP PRODUCTION for the MASSIVE STEAM INJECTION to MOBILIZE the BITUMEN
- this is the ADVANTAGE of the TIER 1 RESERVOIRS that HAVE VERY LITTLE PRESSURE ESCAPE ZONES on the TOP and BOTTOM of the RESERVOIRS like MOST of the SAGD RESERVOIRS in Alberta
- there are REPUTED to be ONLY 5 TIER 1 RESERVOIRS in Alberta and GFR has TWO OF THEM {Hangingstone DEMO + Hangingstone EXPANSION}
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