SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : ATPG Shareholders
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: alertmeipp who wrote (3473)8/31/2013 9:12:28 PM
From: Kramer383 Recommendations

Recommended By
alertmeipp
greatpricepearl
positiveenergy18

   of 3620
 
It is the second well, not the one currently producing, that has the potential of confirming the upside reserve case and more oil relative to gas. I hear that well should start production in late Sept. In general the first well has met expectations. The well currently producing is the well that is primarily oil, with a small amount of gas. The well tests prior to production are generally in line with the oil/gas ratio the well is currently producing. The well tested at a higher rate than it is currently producing. That could be due to reservoir issues, but is most likely due to caution on the part of ATP, in that the LAST thing they want to do at this point is to damage the reservoir by producing at a rate that could cause coning of the reservoir and drastically limit ultimate recovery. The well is producing about 7500-8000 bbls/day; well tests had it at nearly 9000 bbls/day. I think they are just being cautious.

Here is a subsurface map that helps show the upside reserve case.

ogclearinghouse.com



Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News