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Canadian Imperial Venture V.CQV.H


Primary Symbol: CIMVF

Canadian Imperial Venture Corp is engaged in the business of identification and evaluation of assets in Canada.


GREY:CIMVF - Post by User

Bullboard Posts
Post by wajacon May 15, 2001 3:23pm
384 Views
Post# 3743813

Oil Flow

Oil FlowMsToni [post #3598864] posted an article in which Steve Millan indicates that during testing oil flowed copiously at first but then began to decline and that the reason for the decline had not been determined. My understanding of the Garden Hill reservoir is that it is highly fractured and therefore it may be difficult to build up sufficient pressure necessary to maintain oil flow.Perhaps this is the reason testing which was slated to last four days was curtailed after only 36 hours. There may very well be 380 million barrels of oil but that is of no consequence if it cannot be extracted.This appears to be a very serious problem which increases the risk associated with CQV. Maybe some of the technical people on this board would like to comment.
Bullboard Posts