Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: A. Geiche who wrote (37087)	2/9/1999 1:47:00 AM
From: Douglas V. Fant	Respond to of 95453

A Geiche, No these reserves per current technology are lost forever. Once you p&a a field, you no longer exercise control subsurface over reservoir pressures as you can with open producing wellbores or injecting (saltwater) wellbores. Within a partly produced formation, you'll have what's called "coning" or water rising from below up into the oil or gas formation, disrupting the pattern of reservoir pressure inhibiting the ability to produce the formation, perhaps forever. Kuwait is a good example of fields that have been permanently damaged..Also my guess is that Iraq without good subsurface control have seriously damaged the producing capabilities of their current fields too..... Sincerely, Doug F.