OEX 20.0% 0.6¢ oilex ltd

Chill, I seem to have opened a can of worms. What I said was...

  1. 893 Posts.
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    Chill, I seem to have opened a can of worms. What I said was that I didn't think that we are overly heavy
    in oil v condensates and dry gas. It would have been good to have been given some initial flows of
    condensate and gas v the light oil that was recovered in the first week or so as a % comparison
    though. Would like to see what the lab results have turned up in the interim also ie. % of oil v condensate.

    So, I don't believe we are in the predominately oil window, although more light oil has been recovered
    than expected, facilitating a longer clean up time. We probably have enough condensate and gas to
    facilitate good pressure and flowback under natural reservoir pressure.

    IF however, and only IF we have an inordinate amount of oil v condensate and gas and IF it resembled
    the characteristics of the Oil window in the EFS then it wouldn't be unreasonable to draw the comparison
    of lower INITIAL flow rates and recoveries. Artificial lift procedures such as a jet pump can then help to
    increase flow rates and recoveries. It is a long bow to draw and I think that this is highly unlikely for
    77H as I have stated. Regardless, oil is the much more valuable commodity, on current prices.100 barrels
    of oil is equivalent to 1.2mmscf gas. Artificial lift techniques would be more than economic if the EUR
    is good.

    Just a bit of "conjecture" to throw out there until we get the real story.

    GLTAH
 
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