ELK 0.00% 1.4¢ elk petroleum limited

ash creek oil cut rises, page-3

  1. 4,838 Posts.
    DJ
    At least it went in the right direction last month whether it continues to increase over the next few months we will have to wait and see. 15-20bopd would be the rough figure I suspect would be required from #1 well to justify developing another well.

    I hope the unitisation is progressing.

    A few positive points....
    # The lower Shannon was never waterflooded.
    # The current production is lowering the pressure in the upper Shannon which should lead to more production from the lower Shannon.
    #The injection into the lower Shannon is repressurising the entire field so one would expect production in well #1 to be slow. However it will result in faster ramp up of oil production for future wells.
    #Every extra well brought online will rapidly improve the waterflood.
    Cheers
 
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