Grayhairs, my old friend, how do you suppose companies like Cavelly Energy, have flourished? They reviewed old well logs, some 25 years old, and identified bypassed pay zones from wells which were scheduled to be "abandoned". Many years ago (as you may remember), the industry was after OIL and when gas was encountered, the well was capped. The engineer moved on to another field or company, and the well file sat for years.
There are thousands of wells in this province that may hold opportunity... and each well file needs to be reviewed to identify opportunity. Fortunately, Alberta has the best database and documentation system in the world. In some places like Venezuela, you are lucky if a well file has 10 sheets of scribbles in it. Please do not tell me that you are one of those fellers that can tell where the oil and gas is "by the lay of the land!" If so, do you also have a metric pipe wrench I could borrow? Technology, my friend, is giving a new breath of life to some tired old fields. Sweet spots are being identified by 3-D seismic.
As for your description of the 25 mmscfd, 30% H2S gas well with huge reserves.... do you have a copy of a press release which we do not? If this is the case, let me know, I would like to buy some stock. If it is a huge well with 20-30% H2S, that would be PERFECT for sulphur recovery plants like Strachan and Ram River. Not so much because the sulphur is valuable... it is not. Rather, the plant process runs better with higher H2S concentrations. The sulphur plant needs high acid gas content (H2S). This in turn, lowers the plant operating & processing costs. But, that is another subject.
Regards,
Mike |
