Cmon Do the above IP figures include gas ( are the BoE ) and do...

First 52 Last

Share
Profile

Follow
Autosime

15,774 Posts.

268

06/11/16

12:43

Post #: 20401709
Share

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

Expand

Cmon
Do the above IP figures include gas ( are the BoE ) and do any of these wells potentially need work overs to provide the cumulative rates quoted.

AKK Price at posting: 0.6¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

MLG

Flynn Gold reaches milestone exploration target for Golden Ridge

INA

Imugene kicks off Australian trial for blood cancer treatment

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

UBI

Universal Biosensors flat despite fresh deal with US medical product distributor

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

Trump is President Again: What Does This Mean for Crypto?

HotCopper Highlights: Your most watched and most discussed stocks this week

MLS

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

There are more pages in this discussion • 22 more messages in this thread...

First 52 Last

Add AKK (ASX) to my watchlist

Cmon Do the above IP figures include gas ( are the BoE ) and do...

Top Stories

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

Flynn Gold reaches milestone exploration target for Golden Ridge

Imugene kicks off Australian trial for blood cancer treatment

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Universal Biosensors flat despite fresh deal with US medical product distributor

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

Trump is President Again: What Does This Mean for Crypto?

HotCopper Highlights: Your most watched and most discussed stocks this week

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited