"Unconventional production is different because you are depending so much on getting the fracs right...." (in order to repeat your own statement in part of it)
But when it comes to determining the type of fluid contained in the reservoir, seismic methods just dont measure up.
If you would have applied MTEM (onshore) to find out the difference between Natural liquid Gas in a formation or FRESH WATER,you wouldn`t have to find out about the best frac solution at all.Nobody would frac a water contained section or aquifer in a formation, except EXXON,sorry,but simply true.Please go and listen to CNBC,which I got my headache from,watching the commercial day by day,EXXON is proud of.
Even Bruner fed up at last ,packed his bags moving to MAGY 1 in order to show the "major" what he will suck out of MAGY just on his own to let out his frustration (if rumours of the revealing journalism come true...).If he hurries to reenter and frac and test he could be all set in 3 month with an amount of minimum 10 Million US greenbacks.Go and recall the CC and remember what Bruner said two years ago.
Bruner said:
"In an initial test in a seven meter gross intervall,without ANY FRACTUE STIMULATING.the MAGY 1 flowed (4057 Meter) 377 barrels light crude of oil (48 degree API gravity...) and also 745,000 CFPD of NG. (180 dgerees Celsius and 3800 PSI."
(current pressure about 4700 PSI)
Bruner said two month later:
"we have property big enough to make several deals with several strategic partners..."
Bruner August Scotia group release on Magy 1:
Testing without fracture stimulating at total depth 4272 m (Endrod) 360 barrels and 1,1 MMcfpd NG
Bruner asking Sam S. (CC in 09/2007):
Sam S. answered: That´s pretty accurate.The exiting thing about the Magy 1 is that we`ve defined exactly what that one fracture is.Now extrapolating that to twenty fractures I think is a good extrapolation but that`s all it is,just like you said,they could be better,they could be worse,could be more,could be less.
(twenty fractures each 1 MMcfpd... plus oil )that`s Magy 1 we are focused now to.
