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Re: acrock post# 1783

Monday, 12/01/2014 11:44:44 AM

Monday, December 01, 2014 11:44:44 AM

Post# of 2594
So, do you really think the following a negative?? Looks to me like they are right on track. Each month production has increased and ratios have decreased. I wasm aware that production would not max out over night.

"Bitumen production commenced at the Sawn Lake, Alberta Steam Assisted Gravity Drainage ("SAGD") demonstration project on September 16, 2014. Bitumen sales, on a 100% basis for the producing well, averaged 126, 150, and 221 barrels of bitumen per day during the first, second and partial third thirty day periods since the start-up of SAGD mode production and ending November 24, 2014. Corresponding steam oil ratios were estimated at 8.39, 7.61 and 6.32 respectively. These early stage production numbers compare favorably to an analogous reservoir in a demonstration project operated by another company of similar reservoir type that we are monitoring and using as a basis of comparison."

http://panorient.ca/

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