Stratex Oil & Gas Holdings Inc (STTX)

[Drill Baby]

Interesting thanks.

Not that many fractured water wet reservoirs in California - oil clings to the pore throat and water is in the middle - low waterflood oil recovery. Clay swelling is typical - can use KCL fluid to help prevent it.

There are chemicals to alter the rock wetability, but not cheap. Also, low pressure is tough in a fractured network - hard to waterflood. Plenty of challenges, but maybe a bigger company can help develop.

I worked on a field in Wyoming that was low pressure water wet. Plenty of stories....

They should work with Titan and see if all the reservoir properties fit a microbes application:

http://www.titanoilrecovery.com

It's a pretty amazing application where the microbes attack the residual oil (attached to the rock) and it works in some fields.