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Treaty Energy Corporation TECO
Posted On: 10/10/2012 12:12:45 PM
Post# of 39368
Posted By: highonweed
Re: DTL #1420

I think that the 6MM BBL claim will stand with production rates below 100 BOPD... These wells are shallow & if there is a 6MM BBL Reservoir down there, then the well-spacing will be very low, probably 1 well per 20 acres, maybe less... To be honest, I really feel that any production, once established & verified will substanciate the 6MM BBL discovery...


The reason that I say this is: at 100 BOPD, 150 wells would drain the reservoir in a year's time... Of course it down't work that way, and there are hundreds, if not thousands of factors involved.


I think that it is important for shareholders to keep their expectations in check... 20 BOPD would make for a VERY economical field to develop because of low development cost...


Besides, the pumps down there can only move about 300 BBLs/day, and the majority of that 300 BBLs/day will be formation water. I don't believe that there is any oil down there, personally, but if there is, TECO will be sitting pretty if 10% of the produced fluids are crude. That would give them 20-30 BOPD and make for a VERY VERY economic field to develop...


But that is just my opinion & I'm High on Weed...














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