Welcome To The Questerre Energy HUB On AGORACOM

(Edit this message through the "fast facts" section)

Free
Message: Re: NR A-5 on long term test
2
Dec 18, 2008 07:37PM

Well I guess that the NR on the A-5 well came before the end of the year afterall. The news is in line with what was expected, we already knew that the production rates from the other 2 wells would decrease. A flow rate of 5 mmcf/d is still good. It is not the 10 mmcf/d which was initially tested at 3000 psi, but this represents a more constant flow rate. The most promising info is "Questerre believes this sequence could provide a pathway for gas from a deeper organic-rich shale interval". These tests help to confirm the viability of shale plays and represents the new era of how NG will be recovered. Let's see how the market responds to the NR. Already in Oslo, it went up to a high of 12NOK but has come back flat at 11.30NOK = 1.97CAN.

Johnyboy

1
Dec 19, 2008 03:35AM
Share
New Message
Please login to post a reply