Hi,2 useful video clips on acidizing &...

Hi,

2 useful video clips on acidizing & fracing:

http://www.enermaxinc.com/acidizing/

http://www.enermaxinc.com/hydraulic-fracturing/

We know that FUT is currently using an acidizing process to
help fully complete the well. Like hydraulic fracing, acidizing is also a commonly used technique to stimulate gas & oil flows. Of course,in FUT's case, we do not know how extensive the acidizing process is- whether it is aimed at cleaning up the well bore itself, cleaning up immediate compaction around the well-bore caused by drilling and perforating, or whether it is to acid frac the formation itself. There is quite a bit of difference. Even so, possibly we may see some positive results early this week, well before the frac plan is completed, depending on the effect of the acidizing process being employed.

We do know that FUT had strategised the well completion from the outset, and all this was not a surprise, so they would have already done a lot of preparatory work.

Currently, very solid support at .006 and a lot of sellers at .007, so my guess is that the sp will fluctuate in the .006 to .007 range until just prior to fracing, when we will see another run at .008 and even .009, as the expectations build up. Then it will depend on the results. Looks to me like we are now looking at early January for a full result. But again, if we get some really positive news early this week... a move up could still be on the cards. Last Wednesdays announcement did say acidizing completed within a week, followed by another announcement.
lol
JH