Re: NR Started fracing--- Release - why only 4 fractures? - Lanman
in response to
by
posted on
Sep 19, 2009 10:05AM
Developing large acreage positions of unconventional and conventional oil and gas resources
"So it looks to me like Exxon is doing things the right way, even though it's a lot more expensive."
Exxon certainly sounds like the right partner to be involved with our Bird as it will take deep pockets and patience to do the testing right. I hope we hear that it is "stages" they will be doing at each of the four separate fracture stimulations as the flow rates would be potentially quite a bit higher. This kind of time line may require Exxon to sign up for next stage of the agreement before the final flow testing is complete, which would also be very good news and another $75 million in operating capital. Many thanks for taking the time to do this analysis and interpretations of the news release as it gives us all a better look at how this Foldeak-1 well test could evolve. Regards Paul