OEX 20.0% 0.6¢ oilex ltd

Ann: Cambay-77H - Flowback continues, page-37

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 158 Posts.
    I think you are wrong on several points as follows: -
    1. As the well expels water the hydrostatic column and the wellbore inflow impairment effects are reduced and flow increases.
    2. More hydrocarbons will be produced as the flowback continues - less water and the water % will fall.
    3. The well is intentionally choked back to reduce formation damage - it can flow at higher rates and probably will do as the water cut reduces and they increase the choke sizes. Double the choke diameter is 4 times the flow - albeit at a lower flowing pressure.
    4. it is not a linear process it should get better over time - with no water we will see what the well is capable of.
 
watchlist Created with Sketch. Add OEX (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.