OEX 20.0% 0.6¢ oilex ltd

Call from Ron, page-5

  1. 158 Posts.
    From the Schlumberger website:

    "Extended well tests (EWTs) are used to evaluate productivity and characteristics of a reservoir. Clearly understanding the reservoir's potential helps operators reduce risks. In particular, EWTs are used to

    estimate reservoir volume and confirm reserves for field development
    confirm long-term reservoir deliverability
    pilot future facility designs during actual field development
    provide an opportunity to estimate interwell transmissibility and wellbore storage
    verify static data dynamically
    obtain additional production-related data, such as water cut, sand production, and well deliverability.

    EWTs also provide a way to test sand control techniques and process- and production-related technologies. Such testing minimizes risks related to developing a field for long-term, sustained production."

    I don't know the present water cut from the frac fluid being expelled - but if it is still declining then it makes sense to keep flowing the well.

    I remain upbeat on the well and the Cambay field.

    joatmon
 
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