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Magellan Petroleum Corporation Message Board

  • networthgrowing networthgrowing Feb 17, 2013 1:40 PM Flag

    update from state of montana

    well epu 104 oil production nov 2012 was 182 barrels oil, and in dec 2012 was 1599 barrels oil, this well must have been reworked using co2.

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    • Excellent posting networth! I hope your thesis is correct and Magellan will soon post more information about such results. Your contribution to this board is very valuable and to be lauded.

    • I tried to reply earlier but my post didn't show up. So, I'll try again. The technique used on EPU 104 was not CO2 flooding. It was a water shutoff method that uses injected substances which plug up some of the water producing fractures while not affecting the oil producing fractures. According to a conversation I had with Investor Relations the company intends to try this technique on several more old Charles formation wells once the weather improves in Montana. After the water shutoff material is injected it takes about 8 weeks for the material to set up and plug off the water. Then the well can be restored to production, hopefully yielding much more oil and much less water. Apparently, there have been spectacular results reported by other companies in other old American fields.

      T.

 
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