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Re: Big Mur post# 38471

Tuesday, 08/12/2008 1:10:30 PM

Tuesday, August 12, 2008 1:10:30 PM

Post# of 51429
Pump jack? What pump jack??? Is this your guess as to the current operations going on with the Collins well BigMur?

The July 31 PR states the following:

The well is currently flowing natural gas, gas condensate and oil and is not being pumped yet. At one point we were venting significant volume of natural gas, potentially valued over $ 5,000 per day in management's opinion. In addition to the multiple payzones referred to in previous press releases, we also have discovered a yet-to-be-named 12-feet-thick payzone at approximately 600 feet deep in this well, which also contained exceptional saturations of oil. The oil well on the Collins lease has 4 to 5 times the pounds per square inch (PSI) of an average shallow oil well in southeast Kansas that generally has less than 500 PSI borehole pressure.

A flowing well with this kind of stated pressure should not need to be pumped at this point. ~2000# of pressure from a 900' zone should flow like a son of a gun. I was thinking the equipment delay was caused by the need to deal with the gas and condensate since this is not an issue on the other SEK mature wells.

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