[Zhang Fei]

We produced 83 barrels for oil from the test well in about 6 months. From my rough estimate of cost of operating the well and associated injection wells at today’s costs would require a price of at least $500 per barrel to break even.

Like I said it did not work there, but every situation is different and I am sure the technolgy has improved so it may have value elsewhere.

Thanks. We may get there in the next couple of decades, given how so many low cost sources are petering out. Fracking and off shore production are replacing some of it, but oil demand in developing countries continues to grow rapidly.

[Okieshooter]

” Fracking and off shore production are replacing some of it, but oil demand in developing countries continues to grow rapidly.”

I question whether or not that horizontal drilling and stage fracking is sustainable even at today’s oil price of $90 per barrel. These wells are very expensive to drill and complete and I am hearing that they have some severe decline curves. The one thing I know for sure is they are way out of my league.

[Okieshooter]

I have been on Titan’s web page doing a little research and their idea is different from what we were trying to do. I am usually suspect of what I call snake oil salesmen pitching a new idea that is going to double your production, but this may have some merit. I have referred it to the operator of our water flood, so we shall see what their opinion is.

Our earlier experiment was funded by the DOE, so we had little at risk since it was done in a part of the field that was no longer producing.