$TCFF 1 of 3: From Canadian stock trading board for TCF: @SilverSurver Some members of the german board "wallstreet online" were a bit disappointed that the first 2 wells did not go into production right away with full throughput rates. They were wondering why Art did not go "all in" now and take advantage of the high gas prices but rather start with throttled throughput rates hence for a longer time. Well, question is valid. So the key-guy on the german chat (tommy-hl) - he is like our @paremata @yqr - contacted Art and received the following answer yesterday night. As always: Art provides a straight forward answer within 24 hours. Outstanding. "Good morning, I had caught Art last night and am passing on the result as I understood it. Since I can't prove it, the following is to be taken as "conjecture" according to w-o rules: Show Less 1 3
Its_a_gas11/22/22, 05:50 PM $TCFF 2 of 3: Infrastructure - Initially throttled production. The existing infrastructure consisting of pipelines, distribution valves, throttling valves, separators, compressors, etc. was not fully utilized for years, but was operated at low pressure because only very small amounts of gas were produced. Now the new production from Ak-2 and Ak-3 at high pressures is coming into play. The issue now is to gradually equalize all the pressure differences in the gathering system, the processing plant, and the sales pipeline. If you do it too quickly, you run the risk of damage. We are dealing with highly explosive gas here. The test values made public in the press releases were based on throttled values. The actual values were higher, but do not provide any benefit at this time. The high pressure of 1,400 psi cannot be brought directly into the pipeline system, but only in a throttled form via a choke. Show Less 1
Its_a_gas11/22/22, 05:48 PM $TCFF It will take a few wells and some time to maximize the production rate to solve all the challenges with back pressure and production pressure. More drilling will be put into service and more calibration will be done. However, it is a good position to be in. At Ak-3, only 7 meters were perforated because already these 7 meters have sufficient pressure and production volume. Why perforate the other zones now? These are kept in reserve and added later to compensate for the gradual pressure loss of the first 7 m zone and to extend the life of this well. There is no need for a drilling rig later on, because everything is prepared for the supplementary perforations." 3 of 3 1