Granite Oil Corp GXOCF

Energy

Granite Oil Corp is a Canada-based oil producer based in Calgary, Alberta with lands and operations located in southern Alberta. The company is engaged in the exploration for and exploitation, development, and production of oil and natural gas. Its Alberta Bakken Properties are located in southern Alberta at the south of Lethbridge.

OTCQX:GXOCF - Post by User

Granite Oil Corp

Bullboard Posts

Post by rigrat2on Mar 15, 2012 11:14pm

381 Views

Post# 19678733

CPG INFO

Looks like CPG is still keeping ALBERTA BAKKEN play results hush hush. Crescent Point expects to spend approximately 36 percent of its 2012 budget in the Viewfield Bakken and Flat Lake areas of southeast Saskatchewan, 22 percent in the Shaunavon area of southwest Saskatchewan, 14 percent in the Beaverhill Lake light oil resource play and 11 percent in the Bakken/Three Forks resource play in North Dakota. The remainder of the budget will be allocated to the Company's other core conventionalproperties and to theexploration and development projects in southern Alberta. In total, Crescent Point expects to drill approximately 389 net wells in 2012 and to spend approximately $150 million on facilities infrastructure, primarily in the Bakken and Lower Shaunavon resource plays.