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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
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Comment by moricon Mar 29, 2012 9:40am
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Post# 19732393

RE: RE: Bakken and Belly River Drilling Results an

RE: RE: Bakken and Belly River Drilling Results an

I hate to say it, but decent results is the understatement of a life time here. These alberta bakken wells should start coming in drilled at 3MM dollars, for a 400 bbl 30 day average? That is insane. And that well result is an unoptimized horizontal. These well results should get better. Past discussions with Clayton have suggested that they may have somewhere around 40 sectons and estimate a pool size of 500 mmbbls... This alberta bakken pool is big. Good luck investing everyone! 

I am long, and staying long.

DYODD

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Dealroom for high-potential pre-IPO opportunities