"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
OEX Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held