Ngamia: The decrease in Gross 2C Resources from 340 mmbbl to 297 mmbbl can largely be attributed to faulting.The previous report was based on 2D seismic with the new report using 3D seismic. The first assessment was too simplistic on Recovery Factor with this being behind the decrease rather than OIP. Recall, of the Ngamia-3, 6 & 8 EWTs, only N-8 produced flow rates with N-6 and N-3 observation wells to the West and North-West. These were used to test zone pressure connectivity rather than testi ....
10 May 2016
RESOURCE UPDATE DISCUSSION WITH MANAGEMENT
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RESOURCE UPDATE DISCUSSION WITH MANAGEMENT
Africa Oil Corp. (AOI:TSE) | 0 0 0.7% | Mkt Cap: 634.0m
- Published:
10 May 2016 -
Author:
Stephane Foucaud -
Pages:
4
Ngamia: The decrease in Gross 2C Resources from 340 mmbbl to 297 mmbbl can largely be attributed to faulting.The previous report was based on 2D seismic with the new report using 3D seismic. The first assessment was too simplistic on Recovery Factor with this being behind the decrease rather than OIP. Recall, of the Ngamia-3, 6 & 8 EWTs, only N-8 produced flow rates with N-6 and N-3 observation wells to the West and North-West. These were used to test zone pressure connectivity rather than testi ....