Been there, done that, ran the models, old hat. Besides its...

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cmonaussie

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06/11/16

09:04

Post #: 20400116
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Originally posted by whisky49 ↑

The diagram below from our neighbour probably shows better than anything the nature of the formations we are dealing with and why a result below 100 Bopd would not be good news and 300+ Bopd would be. In theory at least the first well goes where the best results are expected and information to date indicates a good result ,it's unlikely the other two will be better...

As mentioned before its all about averages, with a few good wells making up for many poorer ones and starting with a good one is very important for obvious reasons.
With this diagram I have only shown the 13 deviated wells, which is what we are doing and the first thing to note is 2 wells made up over 50% of the total production to date, the second point is the well with the highest IP hasn't performed as well as the one with the second highest IP and the third point is that those the two wells with IP's over 300 Bopd have both proved to be good performers but in general there is a wide variation in cumulative production vs initial IP's in all the wells, which is fairly normal in shale...

There are a few of things that should make it better for AKK , one is the formation is thicker and two 3D and other technologies have continued to improve, so if the oil is there the the improved ability to find fractures increases the chance of having better producing wells, also costs have halved ..

View attachment 323411
So a good IP result for Magellan is vital IMO and I'm expecting one...
Cheers whisky

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Been there, done that, ran the models, old hat. Besides its shamed as referencing "past history" by many here....

Have costs really halved? (I know $500K is half of $1M).

AKK Price at posting: 0.6¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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Been there, done that, ran the models, old hat. Besides its...

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