OEX 20.0% 0.6¢ oilex ltd

Ann: 2014 Annual Report to Shareholders, page-33

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  1. 158 Posts.
    Well I disagree with your belief in the total competence of Schlumberger - their frac tree failed and their retreivable bridge plug failed and I have been on several jobs on wells where they have screwed up.
    The Eocene reservoirs are not comparable to the deeper x and y zone reservoirs - obviously, and no other horizontal wells were drillied buy Oilex except 76H which gave partial data only.
    I beleive Cambay-76H actually had a casing failure and this caused the drillpipe problems.
    I think Oilex flowed back 77H too fast initially and that caused the fractures to collapse and heal - that is why they are no flowing back at a low rate.
    But most of the above is inferred from the announcements and therefore is open to several different interpretations - I will wait for the cleaned up production data to assess the well as Oilex is doing.
    Last edited by Joatmon: 21/10/14
 
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