• The VS1 sand has produced ~320 bbl/d of 18.6 API oil during a brief test of a sidetrack of Well 20H. The oil gravity is similar to that found in the VS2 reservoir.
• The VS1 reservoir has not been developed to date as the company has only focused on the VS2 that has much better permeability.
• The initial oil in place in the VS1 reservoir estimated in the 2P case is ~84 mmbbl. Assuming 20% recovery factor would add ~17 mmbbl additional 2P reserves. Note that this is a long term goal as it wi ....
04 Sep 2024
PetroTal Corp (AIM: PTAL): Potential reserve addition
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PetroTal Corp (AIM: PTAL): Potential reserve addition
• The VS1 sand has produced ~320 bbl/d of 18.6 API oil during a brief test of a sidetrack of Well 20H. The oil gravity is similar to that found in the VS2 reservoir.
• The VS1 reservoir has not been developed to date as the company has only focused on the VS2 that has much better permeability.
• The initial oil in place in the VS1 reservoir estimated in the 2P case is ~84 mmbbl. Assuming 20% recovery factor would add ~17 mmbbl additional 2P reserves. Note that this is a long term goal as it wi ....