OTCPK:ARNBF - Post Discussion
Post by
hardeehar on Nov 04, 2012 11:10am
Correction Mombasaboy
Pinecrest's Q2 release stated up to
5 times flow rate improvement on vertical and horizontal wells adjacent to H2O injectors:
'Results to date from the Company's first joint waterflood in Evi have been extremely encouraging. Water injection commenced on a continuous basis in May, 2012 and as a result, oil production rates from 2 wells (one vertical and one horizontal) offsetting the injector have increased by 4-5 times their rates prior to water injection. This response is similar to other analogous waterfloods in the greater Red Earth area and provides further support for the tremendous upside associated with waterflooding.'
I don't know much about the geology between Swan Hills and Evi, but one would think they would act similarily using waterflooding. Also note that Pinecrest's statement de-risks what Arcan can expect the HZ-MSF well response will be.
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