Benz Energy (BZG.V) Message Board

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Microcap & Penny Stocks : Benz Energy (BZG.V)

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To: Ed Ajootian who wrote (72)	2/6/1999 1:11:00 PM
From: Whynotte	Read Replies (3) of 272

Hi Ed, Sorry not to get back to you sooner but I have been very distracted lately. As for the 25-30 MMCFGPD flow rates I cannot find one greater than 10 MMCFGPD from any one zone and only one well has done that. I can only assume that Benz is planning to do a multiple completion or try a fracture stimulation to increase the usual production rate. The large amount of pay itself around a dome is fairly common especially when you are near to the salt stock. Dip rates increase to a steep angle so the total "vertical thickness" of pay appears large. While a large section of pay in the wellbore is nice (it can increase the productive rates too) the reserve potential is based on the total volume of the reservoir by using the "true stratigraphic thickness" (smaller with an increase in dip) as well as the recovery factor of gas "in place", porosity of the rock, and areal extent of the reservoir. The large flow rates cited would be great news however since it would favorably impact the present worth economics of the project. I will try to check back here a little more often. Whynotte

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