'Northoil' pid='79863' datel Wrote:
'bdahl385' pid='79861' datel Wrote:
'AU74' pid='79859' datel Wrote:
[quote='bdahl385' pid='79846' dateline='1489422274']
...the first thing they will want to know is to compare the core sample from this "deep" zone against the E/A reservoir rock to confirm it's just the downthrust section and not a separate geologic package.
If you guys are right and they've found gas/reservoir rock, what's the upshot for CRP holders? If it's a downthrust section of E/A, does it add to our certification totals? Would it have to be in direct communication with the rest of the reservoir like the TOT deal required or are the criteria for CRP payouts different? Is there any chance it is connected?
From what I understand to be true, the CRP payout is solely based on the certified volumes from within the Elk/Antelope carbonate reservoir. If the "Deep" prospect that may have been found in A7 is not in pressure communication with the other Elk and Antelope wells, then any reserves will not add a penny to the CRP.
I am no expert in faults but have a basic understanding of their configurations. It is "possible" for the "deep" prospect reservoir to be in communication with the rest of the E/A field, it just depends on the amount of displacement along the fault line. As long as the top of the "deep" reservoir is still in contact with the lower section of the E/A field, they should be able to have pressure communications. If the displacement is such that there is a non-permeable layer (like more Orubadi shale) between the E/A field and the top of the "deep" reservoir, then the seal would make these separate pools and provide no CRP bump.
Even if the "deep" prospect is in pressure communications with the rest of the field, I doubt if there will be any significant bump to the CRP as a single well does not allow the Reservoir Engineering firms enough confidence to give a big total. Maybe we would get a couple more pennies from a 200-500 Bcfe value. Remember that with all the hype about Triceratops large aerial structure and enormous attic above the 2 wells, the 2C numbers were around 0.4 Tcfe if I remember correctly.
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First, a disclaimer. All this discussion is made up out of whole cloth. We're guessing they've found something. Obviously, I think they did. But maybe not.
IF they did, it's virtually certain, from seismic and surface mapping of the fault trace, that this is is the underthrust sheet. Coring is to establish reservoir properties; markers in the logging suites will identify whether it's the same rock package as above. It very likely is.
Given the vertical separation - several thousand feet at least - it's extremely unlikely the new zone is in pressure communication with the E/A field. If it were, that's almost worse - because it would be in the water leg below the gas. You can't have gas/water/gas if the system is in pressure communication. So whether it's a gas discovery in a separate zone, or connected but wet, in either case, the CRP gets nothing.
Northoil- Fwiw, (1) I agree wih your statement -rock package,very likely is the same. (2) With several thousand feet of seperation,it is unlikely the new zone is in communication with the E/A field . [ ....possible,but I sure have my doubts about that. ] Even tho' it won't help with the CRP, another great reservoir would sure do a lot to vindicate my past comments on the awesome possibilities of PRL 15. Thanks for all your sharing over these past years !
