Falcon is a global energy company with projects in Hungary, Australia & South Africa

Developing large acreage positions of unconventional and conventional oil and gas resources

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Message: Re: Something to think about
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Oct 17, 2009 02:42PM

Oct 17, 2009 04:11PM

Oct 17, 2009 05:13PM
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Oct 18, 2009 07:07PM

>This article seems to prove your theory Lanman.

Thanks John. I have a theory that MOL will be applying for a mining plot on block 106 as well in the near future :)

" According to the information from György Volter, they have succeeded in finding the technology that could economically bring the gas to the surface."

That's interesting. I'm assuming what he means is that several frac jobs have been performed in the Mako trough, by both Falcon and Exxon, and all of them seemed to be successful in so far as breaking open the rocks, which is exactly what a frac job is supposed to do. They know the gas is there, they know they can frac the rocks, all they need to do now is figure out where to frac the rocks. I think what they have done so far is all part of the 'formation evaluation" process. Here's an explaination of that as it applies to shale gas:

"Vertical wells are drilled in the Haynesville Shale to initially evaluate the play, test completions, and plan hydraulic fracturing strategies. The choice of perforation depth intervals is often based on limited geological knowledge because it is a relatively new field and there is uncertainty about the lithologies comprising the strata. A lack of knowledge about the complexity of the formation across the basin contributes to this uncertainty. Conventional log responses are at times difficult to interpret. There are effects due to relatively high clay content and organic matter in the rock matrix not usually present in other conventional reservoirs where conventional responses are less challenged. These effects make gas-rich sweet spots difficult to identify unless new technologies are incorporated for reference. The goal of formation evaluation in gas shales is to identify preferable zones for gas productivity from both a petrophysical and engineering standpoint."




Oct 22, 2009 07:38PM
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Oct 22, 2009 07:58PM

Oct 23, 2009 01:20PM
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