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Sunday, 04/12/2015 2:48:13 PM

Sunday, April 12, 2015 2:48:13 PM

Post# of 593
From the 4/8/15 filing to the UT oil & gas authorities:

* On 4/8/15 they shut down the well, in order to build up pressures. In May they plan to pull the tubing, and put in a jet pump, to conduct a rate transient analysis. RTA is designed to calculate reservoir potential and, hence, reserves and spacing. (p. 8)

* During fracking operations, the well took 160,683 bbls of water and about 3,800 bbls of HCL.

* There are 1,276 vertical feet of the Tununk formation (p. 9)

* Samples were taken in a 188 foot interval from a depth 11,370-11,558 feet

* On 3/4/15 they produced 248 bbls of water, 81 bbls of oil, and
142 MCF of gas. The oil is 47 gravity, meaning it is light crude. (p. 10)

* It was flowing naturally, not being pumped, on a 12/64" choke.

* Permeability ran from .0005 to .934 milladarcies (p. 13). The
former value is not unusual for shale; the latter value is very high.

* They have been using a combustor to minimize the flare (p. 17)

The filing pretty confirms most of what I have been saying. The well consumed an unusually large amount of water, reflecting high
permeability. It has thus far been allowed to flow on its own, which is unheard of for a shale well. Nevertheless, getting the drilling water out over the next few months is going to take much higher flows, which will require pumping. That pumping will generate much higher gas flows. We probably won't hear anything for a couple more weeks -- possibly early May.