OEX 20.0% 0.6¢ oilex ltd

The Cambay 77-H is an oil/condensate well which produces a some...

  1. 158 Posts.
    The Cambay 77-H is an oil/condensate well which produces a some gas - it is not a gas well producing a some oil/condensate.
    Therefor the value is in the high grade crude produced not the relatively minor gas production:
    "Hydrocarbon liquid to gas ratio is calculated to be: on Cumulative basis - ~120 bbls per MMscf on Average while flowing the well" – so we have an average of 8,333 scf of gas per bbl of oil.  The standard definition of a gas well is 30,000scf per bbl or higher.

    Calculations should be based on the oil production not the gas.

    joatmon
 
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