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Lightstream Resources Ltd. LSTMF

Energy Oil & Gas E&P
"Lightstream Resources Ltd is engaged in the exploration and development of oil and natural gas in Western Canada. Its operating areas include Southeastern Saskatchewan, Central Alberta, and North-Central Alberta."


GREY:LSTMF - Post by User

Lightstream Resources Ltd.
Bullboard Posts
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Comment by norim109on Dec 31, 2012 6:02pm
430 Views
Post# 20785780

RE: RE: Drilling slowdown deepens as natural gas g

RE: RE: Drilling slowdown deepens as natural gas g

According to the December presentation (page 12), about $3.8 million (drill, complete, tie-in, equip) per well. The estimated ultimate recovery of each Cardium well is 253,000 per well, the capital payout is less than 2 years and the netback at today WTI price is more than $55 per boe. Each Cardium well generates about $10 million of free cash flow, compare to $5,5 million from a typical Bakken well and $3 million for a conventional Sask. well.

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Dealroom for high-potential pre-IPO opportunities