Ann: Cambay-77H - Well Intervention Complete, page-32

For those that don't tap into the UK boards, the following is from 1LongJohnSilver - 'Potential'.
By the way, I'm not screening out negatives, I'm just looking for substantive well reasoned posts:


From 2012 Annual Report

The micro-seismic results were reasonably consistent with the
pump pressure data and interpretation of the data indicates that
each of the eight fracture treatments successfully generated
a complex fracture network in the X and Y Zone in the vicinity
of the Cambay-76H well bore. The data also indicate that the
stimulated rock volume surrounding the Cambay-76H well bore
is comparable to that obtained in stimulated wells according to
public data available for the Barnett and Haynesville reservoirs in
the United States of America. Modelled initial production rates
and well recoveries for the Cambay-76H well incorporating these
actual post-fracture stimulation data are encouraging for the
commercial production of hydrocarbons from the X and Y Zones
and indicate Estimated Ultimate Recoverable Volumes in excess
of 3 BCFE.


( So data indicates that in excess of 3BCFE is recoverable from 76H but how much of this is oil which significantly increases commerciality )

Netherland Sewell have stated the following

NSAI has used a ratio of crude oil to primary gas in-place for
each reservoir of 60-65% to 40-35% and identified this ratio as a
key uncertainty

So we know from their report that they were expecting 60 - 65% in place resources to be Oil.( This was a key uncertainty at this stage ) But based on those figures alone if 60 - 65% of the 3BCFE were oil then 76h would be deemed more than commercial

Now we need to consider that we are producing 300% more oil than anticipated based on data from 73H ( this does not help us calculate how much is recoverable from 77H but if you consider the above information then I suggest that 77H is going to smash commerciality out of the ballpark.