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Gold/Mining/Energy : ATPG Shareholders
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To: petro1 who wrote (2943)4/3/2013 7:00:48 PM
From: Kramer385 Recommendations   of 3620
 
I wouldn’t count on 17K/day, I'm not sure the flowlines are designed to carry that much even if the wells were capable of producing it. The last thing ATP wants right now is to cone this reservoir. That happens in some of these high porosity and permeability reservoirs when the wells are produced too hard. What occurs is the reservoir pores very near the wellbore close up and production falls off dramatically. Sometimes it even causes the water leg of the reservoir to encroach prematurely on the wellbore making the problem that much worse. Sometimes the only way to solve the problem is to re-enter the well and sidetrack it. ATP can’t afford to do any more well work on Clipper. To cone the well right now would seal their fate; therefore I wouldn’t expect more than 12-13K and 50MMCFPD from both wells for the next several months.
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