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Gold/Mining/Energy : Nevtah/Tower Oil Intl.- NTAH

NTAH 0.00400

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Jul 24 5:00 PM EST

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To: JOHN WHITE who wrote (3758)	11/22/1999 10:23:00 AM
From: JW@KSC	Read Replies (1) of 3817

RMOTC NEWSLETTER - PAMCO ARTICLE Issue 13 PROJECT UPDATE NOVEMBER 1999 System Could Benefit Small Oil & Gas Producers The Rocky Mountain Oilfield Testing Center (RMOTC) has signed a research agreement with the Petroleum Asset Management Company (PAMCO) for testing of an artificial lift system. The project will involve installing the artificial lift system on two wells and is expected to reduce field operating costs and improve production. The PAMCO system is a computer operated system, which senses the presence of oil in the borehole. Sensors trigger the release of air or gas pressure forcing a continuous slug of oil to the surface and into a receiving tank. Each phase of the system is electronically monitored via satellite using Cybersensor.com, Inc., a subsidiary of PAMCO. The system has the potential to operate and record data from multiple wells simultaneously. The objective of the RMOTC test project is to validate and demonstrate the artificial lift system that has the potential to benefit small oil and gas producers through increased production in shallow wells. rmotc.com Click on "Today at the RMOTC" then "Newsletter" It is my understanding that the tests were for a 2 month period, though this may have changed, and IMHO I would think that the System was installed and began testing in October, and this update is late, otherwise we are in for some hard winter testing. If testing began in Oct. there still should be some days even during November when the PAMCO Pump will be pumping, while other Wells with Pump Jacks are dormant because it's to cold to pump. I recall from Corsicana that a percentage of the Increase in production using the PAMCO Pump comes from it's ability to Pump during cold weather when Pump Jacks are unable to pump. There are Cold Temperatures at which the PAMCO Pump also can not pump, though the temperature at which the PAMCO Pump Controller shuts down the pump was not mentioned, and no one asked. Regards, JW@KSC

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