OEX 20.0% 0.6¢ oilex ltd

Albright Adam says hi, his thoughts, page-12

  1. 893 Posts.
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    Chill

    If it's EXPECTED to flow 40 bopd during water recovery then this would have to be the maximum oil
    being expelled WHEN that figure of 229 bow & oil were given. Since that ann of 8/10 we were no longer
    updated on the CURRENT flow of bow & oil. So it's either 40/189 bow previously or less. Regardless,
    they are not expecting anymore than 40 bopd whilst water is being recovered. And yes, the water recovery
    rate I would say v 8/10 when it was 229 bowpd is considerably less now, as is the oil recovery. Otherwise
    as I said previously, IF 77H was still flowing back 229 bowpd then it would only take 3 weeks to fully clean
    it up at 90% to get a TRUE production test rather than going in now for a 2nd rate production test that we are
    told will take 30 days.

    Gotta read between the lines and the missing facts with this crew. Picked it up too late with my tails but
    glad to be out now.

    GLTAH
 
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