Tenth Avenue Petroleum Announces Murray Lake Operational Update & Increases Injection Capacity With New Horizontal Well
Tenth Avenue Petroleum Announces Murray Lake Operational Update & Increases Injection Capacity With New Horizontal Well
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CALGARY, AB / ACCESSWIRE / July 25, 2024 / Tenth Avenue Petroleum Corp. (the "Company") (TSXV:TPC) is pleased to announce that it has completed the conversion of a new horizontal injection well 5-36, at it's 100% operated Murray Lake Mannville "A" Pool ("Murray Lake"), and that it has restored its previously curtailed production volumes, as discussed below.
CALGARY, Ab / ACCESSWIRE / 2024年7月25日 / 第十大道石油股份有限公司（" 公司 ")（TSXV：TPC）很高兴宣布，它已经完成了新的水平注入井5-36的转换，位于其100％运营的墨瑞湖曼维尔“A”池（“墨瑞湖”），并恢复了先前被削减的生产量，如下所述。
As disclosed in the Company press releases dated April 23, 2024 and May 28, 2024, the Company had approximately 15 barrels of oil per day ("bbls/d") of oil production curtailed in Murray Lake located in southern Alberta, due to a water injection line failure that caused the Company to have to shut-in a vertical disposal well in September 2023. The Company took advantage of this situation to redesign and optimize the existing enhanced oil recovery ("EOR") program at Murray Lake as the new 5-36 horizonal injector is situated structurally lower in the Mannville zone than the vertical well was and the horizonal well is capable of injecting at higher rates. The Company estimates its water injection capacity has increased from 950 bbls/d in the vertical well to 1,600-1,900 bbls/d in the new 5-36 converted horizontal well. The increased injection capacity will enable the Company to potentially attract additional third-party processing revenue and more importantly accelerate pressure support in the reservoir which the Company believes will eventually lead to improved oil recovery and increased production.
如公司2024年4月23日和2024年5月28日的新闻稿所披露的那样，由于水注入管道故障，公司在2023年9月不得不关闭一口竖向处置井，在阿尔伯塔南部的墨瑞湖（Murray Lake）的石油生产被削减了大约15桶/天（" bbls/d "）。公司利用了这种情况来重新设计和优化墨瑞湖的现有增强型油藏采收（" EOR ")计划，因为新的5-36水平注入器在曼维尔带中的结构位置比竖向井低，水平井能以更高的速度注入。公司估计其水注入能力已从竖向井的950桶/天增加到新的5-36转换的水平井的1600-1900桶/天。增加的注入能力将使公司有可能吸引额外的第三方处理收入，并更重要地加快储层支持，公司认为这将最终导致油藏的改善采收和增加产量。
Murray Lake Mannville "A" Pool has approximately 8.9 million barrels (Mbbls) of original oil in place ("OOIP") with approximately ~9% of that oil recovered to date. During 2023, the Company realized positive waterflood performance at Murray Lake which resulted in shallower production declines and an overall increase in recoverable reserves in the pool as disclosed in it's third-party reserve evaluation dated December 31, 2023. This increase in water injection capability will allow the Company to increase it's voidage replacement while accelerating pressure support which the Company believes may lead to recovery of an additional 5-10% of OOIP in this reservoir and lead to an increase of approximately 20-40 bbls/d of oil production in the pool over time.
墨瑞湖曼维尔“A”池大约有890万桶（Mbbls）的原始油储量（“OOIP”），迄今为止大约恢复了约9％的油。在2023年，公司在墨瑞湖实现了积极的注水效果，导致浅层采收下降并且空间补偿程度有所增加，在其2023年12月31日的第三方储量评估中披露出墨瑞湖的可采储量总体上有所增加。这种水注入能力的提高将使公司能够增加虚拟井容置换并加速储层支持，公司认为这可能会导致该油藏中的OOIP额外回收5-10％，并且随着时间的推移在该池子中增加大约20-40桶/天的油产量。
An updated corporate presentation can be found at
公司的最新企业介绍书可以在以下网址找到：
For further information please contact:
要了解更多信息，请联系：
Tenth Avenue Petroleum Corp.
Cameron MacDonald, President & CEO
Phone: (403) 585-9875
Email: cmacdonald@tenthavenuepetroleum.com
第十大街石油股份有限公司。
卡梅伦·麦克唐纳，总裁兼首席执行官。
电话：(403) 585-9875
电邮：cmacdonald@tenthavenuepetroleum.com
About Tenth Avenue Petroleum Corp.
关于第十大街石油股份有限公司。
Tenth Avenue Petroleum Corp. is a junior oil and gas exploration and production company with operations in Alberta.
第十大街石油股份有限公司是一家在阿尔伯塔省开展业务的Junior油气勘探和生产公司。
Forward-looking Information and Statements
前瞻性信息和声明
The information in this news release contains certain forward-looking statements. These statements relate to future events or our future performance. All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "approximate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", "would" and similar expressions. These statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control, including: the inability of the Company to meet its commitments on its lands or on the lands it may acquire; the impact of general economic conditions; industry conditions; changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced; fluctuations in commodity prices and foreign exchange and interest rates; stock market volatility and market valuations; volatility in market prices for oil and natural gas; liabilities inherent in oil and natural gas operations; uncertainties associated with estimating oil and natural gas resources and reserves uncertainties associated with recoveries and original oil in place, changes in income tax laws or changes in tax laws and incentive programs relating to the oil and gas industry; geological, technical, drilling and processing problems and other difficulties in producing petroleum reserves; and obtaining required approvals of regulatory authorities. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, such forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur or, if any of them do, what benefits the Company will derive from them. These statements are subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. The forward-looking statements in this news release are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company undertakes no obligation to publicly update or revise any forward-looking statements. Investors are encouraged to review and consider the additional risk factors set forth in the Company's continuous disclosure documents which are available on SEDAR+ at .
本新闻稿中的信息包含某些前瞻性声明。这些声明涉及未来事件或我们的未来业绩。除历史事实性陈述外，可能是前瞻性声明。前瞻性陈述通常可以使用诸如"寻求"，"预计"，"计划"，"继续"，"估计"，"近似"，"期望"，"可能"，"将"，"项目"，"预测"，"潜在"，"瞄准"，"打算"，"可能"，"应该"，"认为"，"会"等类似表达。这些声明涉及重大已知和未知的风险和不确定性，其中一些超出了公司的控制范围，包括：公司无法在其土地或可能收购的土地上履行其承诺；一般经济状况的影响；行业条件；法律和法规的变化，包括采用新的环境法规和法规以及其解释和执行方式的变化；商品价格和汇率和利率的波动；股市波动和市场估值；石油和天然气市场价格的波动；石油和天然气运作中的隐含责任；涉及评估石油和天然气资源和储备的不确定性，涉及油气资源和储量的回收和原始油储量，所得收益税法律或与石油和天然气行业相关的税法律和激励方案的变更；石油储备生产中出现的地质，技术，钻探和加工问题以及生产困难等问题；和获得监管机构的批准。公司的实际结果，业绩或业绩可能会与这些前瞻性声明所表达的结果或暗示的结果存在重大差异，因此不能保证前瞻性声明所预期的任何事件将发生或发生，或者如果发生任何这些事件之一，公司将从中获得什么样的利益。这些声明受到某些风险和不确定性的影响，并且可能基于可能导致实际结果与前瞻性声明中预期或暗示的结果存在重大差异的假设。本新闻稿中的前瞻性声明在其全部范围内都被此警告性声明明确限定。除法律要求外，公司无需公开更新或修订任何前瞻性声明。鼓励投资者审查并考虑公司的持续披露文件中列出的其他风险因素，这些建议可以在位于SEDAR+的上查看。
Oil and Gas Advisories
油气咨询
Meaning of Boe
Boe的含义
The term "boe" or barrels of oil equivalent may be misleading, particularly if used in isolation. A boe conversion ratio of six thousand cubic feet of natural gas to one barrel of oil equivalent (6 Mcf: 1 bbl) is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Additionally, given that the value ratio based on the current price of crude oil, as compared to natural gas, is significantly different from the energy equivalency of 6:1; utilizing a conversion ratio of 6:1 may be misleading as an indication of value.
“boe”或者等同于几个桶的石油的单位可能会误导人，尤其是当独立使用时。一个将6000立方英尺天然气转换为一个等同桶的石油的转化系数（6 Mcf:1 bbl）基于的是一种主要适用于燃烧峰值的能量等效转化方法，不代表一个井口的价值等效。此外，由于当前原油与天然气的价格比值与6:1的能量等效值明显不同，使用6:1的转化系数作为价值指标可能是误导性的。
Reserves Estimates
储量估计
The estimates of reserves and future net revenue for individual properties may not reflect the same confidence level as estimates of reserves and future net revenue for all properties, due to the effects of aggregation.
单个资产的储备和未来净收入估计可能不反映与所有资产储备和未来净收入估计相同的置信水平，这是由于聚合效应所造成的影响。
Non-GAAP Measurements
非GAAP衡量标准
The Company utilizes certain measurements that do not have a standardized meaning or definition as prescribed by International Financial Reporting Standards ("IFRS") and therefore may not be comparable with the calculation of similar measures by other entities, including but not limited to operating netback, cash flow and working capital. Readers are referred to advisories and further discussion on non-GAAP measurements contained in the Company's continuous disclosure documents. Operating netback is a non‐GAAP measure calculated as the average per boe of the Company's oil and gas sales, less royalties and operating costs.
本公司利用某些没有国际财务报告准则（“IFRS”）规定的标准或定义的衡量标准，因此可能无法与其他实体（包括但不限于运营净价、现金流和工作资本）进行类似计算的衡量标准进行比较。阅读者请参阅本公司连续披露文件中涉及非GAAP衡量标准的风险警告和进一步讨论。运营净价是一种非GAAP经验，其计算方法为公司石油和天然气销售的每个油当量的平均值，减去特许权使用费和运营成本。
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
TSX Venture Exchange及其监管服务提供商（如TSX Venture Exchange政策中所定义的那样）不对本发布的充分性或准确性负责。
SOURCE: Tenth Avenue Petroleum Corp.
SOURCE: 第十大街石油股份有限公司。