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A von Altendorf » Comments » BZP

  • Outstanding Capital Efficiency at BPZ Resources [View article]
    Scott,

    I was pointing out the difference between reality and Monte Carlo reservoir modeling. 133 bcf 'proved' does not mean they can actually produce it. Nor does paying a six-figure fee guarantee objectivity of the consulting shop that 'certified' reserves. Science is not supposed to be a casino. I think it's an excellent idea to ask how much oil and gas BZP is producing. Not well test results. Not computer-estimated reserves. Cash money revenue.
    Jun 11 19:56 pm |Rating: 0 -2 |Link to Comment
  • Outstanding Capital Efficiency at BPZ Resources [View article]
    "The flow capacity of offshore Peruvian reservoirs is limited. The most productive well at the Albacora field flowed at an average rate of only 451 b/d oil prior to abandonment." Deckelman et al (2008) PROGRESO BASIN, OFFSHORE ECUADOR AND PERU..., Journal of Petroleum Geology

    Amazing what folks can do with reservoir modeling, ain't it?
    Jun 11 06:44 am |Rating: 0 -1 |Link to Comment
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