Hi Richard,
1. I do not have access to the seismic data across the lands of interest and hence have no basis for projecting anything other than a conservative and typical "regional thickness" of about 20 meters. Now, if the re-processed seismic shows a Swan Hills anomaly, then I would guess that the seismic must indicate a pay potential which is a fair bit greater than the regional thickness (else it would not be "anomalous"!).
2. All "successful" deep wells will have to be twinned to enable the shallow liquids rich zones to be put into production (provided of course that shallow reserves are encountered, too!).
3. The deepest of the shallow zones are still quite deep (~9,500 feet if memory serves, I am not presently near an Accumap system so I can't verify actual depth).
4. In the absence of any reserve estimate by one of the sisters, I continue to use my own estimates of proven and probable reserves for my purposes. How confident ? I know that my estimates are wrong. I only expect/hope/need that they be "ballpark" accurate. Time will tell.
5. I speculate that this may be true. Corporate budgets for the little guys will probably impose some constraints on development.
6. From my own observations, I felt that the second acid job did provide a significant improvement. You must however realize that my observations of both flares were for short periods (~ 1 hour) during each test and without any observations of flowing pressure and choke settings. Hence, my observations were not necessarily comparing apples to apples. I understand from conversations with employees of the "involved entities" that the second acid job did not yield anything close to the result sought. Would an even larger acid job ? Perhaps. Will a larger acid job be undertaken ? Probably not, at least not for a couple of years yet.
For the time you are certainly welcome!!
Later,
grayhairs |
