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Drill Baby

04/12/15 7:45 PM

#539 RE: PlatypusRx #538

Interesting, is it a horizontal well? How many stages in the Frac? If it's not flowing, what is the static fluid level? Easy to test...

How many step out locations are possible? The API gravity is great, premium for better oil. How much did it cost to drill? Frac? Economic IRR? Is this the first one? How many more are planned this year?

Who knows, we may have an oil field. Need to stay on top of management to ensure transparency.

choctaw 02

04/12/15 8:07 PM

#540 RE: PlatypusRx #538

Guys,
I admit that I was wrong about the large silver object in the photos. It is very well accounted for on page 17 of the filing.

I am going to do some rough calculations here and speculate that the shut-in tubing pressure of this well using static head of water = 11,391 ft depth ÷ 2.31 + 122 psi flowing pressure at surface now or 5053 psig after 14 day pressure build up.
This is good because API 10,000 and API 15000 PSI Wellhead, Valves and Equipment are readily available.
Additionally horizontal wells curve of decline in pressure and production is steep when first going online.
See fig. 5, 6, 7 & 8
http://pubs.usgs.gov/of/2013/1109/OF13-1109.pdf

I am attaching a link for those such as myself that are not familiar with all the oilfield lingo.

http://www.geomore.com/porosity-and-permeability-2/