I am really interested to see if the Polish Shale Gas sector takes off. I am tracking 3Legs, San Leon, Conoco, Chevron, ENI etc
I was pretty pissed off by this update from BNK (ONLY A FEW etc) how many is a few?
Anyway, it looks like they have had some success but I would like to see a much better technical description of exactly what fracs did what where and how
BNK PETROLEUM INC. OPERATIONS UPDATE
BNK Petroleum Inc. (the “Company”) (TSX: BKX) is
I was pretty pissed off by this update from BNK (ONLY A FEW etc) how many is a few?
Anyway, it looks like they have had some success but I would like to see a much better technical description of exactly what fracs did what where and how
BNK PETROLEUM INC. OPERATIONS UPDATE
BNK Petroleum Inc. (the “Company”) (TSX: BKX) is
Poland
As previously announced, the Company successfully placed proppant in 9 of the 20 stages attempted in its Gapowo B-1 horizontal well, and is continuing its recovery of the fracture stimulation fluid (“fluid”). Mechanical issues with the artificial lift equipment resulted in a fluid recovery rate that was slower than anticipated. The mechanical issues were corrected late last week, and fluid recovery re-commenced at higher rates. As of this date, 21% of the fluid has been recovered, with continuous natural gas being produced from the well.
The well has had gas rates spiking to over one million cubic feet per day for short periods of time, and is currently averaging between 200,000 to 400,000 cubic feet per day. These gas rates may continue to increase as the well continues to unload fluid. The preliminary flowback and gas production results obtained so far indicate that the fracture stimulation may have achieved a lower than desired effective permeability. The Company believes that only a few of the 9 stages may have been successful in creating the desired conductivity. Downhole pressure recorders were installed which will provide further information during the continued flowback. This data will also help in understanding the stronger-than-expected build-up that occurred during the period when the well was shut-in for mechanical repairs.
As previously announced, the Company successfully placed proppant in 9 of the 20 stages attempted in its Gapowo B-1 horizontal well, and is continuing its recovery of the fracture stimulation fluid (“fluid”). Mechanical issues with the artificial lift equipment resulted in a fluid recovery rate that was slower than anticipated. The mechanical issues were corrected late last week, and fluid recovery re-commenced at higher rates. As of this date, 21% of the fluid has been recovered, with continuous natural gas being produced from the well.
The well has had gas rates spiking to over one million cubic feet per day for short periods of time, and is currently averaging between 200,000 to 400,000 cubic feet per day. These gas rates may continue to increase as the well continues to unload fluid. The preliminary flowback and gas production results obtained so far indicate that the fracture stimulation may have achieved a lower than desired effective permeability. The Company believes that only a few of the 9 stages may have been successful in creating the desired conductivity. Downhole pressure recorders were installed which will provide further information during the continued flowback. This data will also help in understanding the stronger-than-expected build-up that occurred during the period when the well was shut-in for mechanical repairs.
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