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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.
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Comment by Mastermind_9999on Mar 10, 2014 12:04pm
422 Views
Post# 22302824

RE:RE:Peers Post Superior F&D This Week

RE:RE:Peers Post Superior F&D This Week
F&D costs are capital based.  Netbacks do not include any capital component in them.

The report is saying that finding a new barrel of reserves is costing them more than they will get from selling a barrel.  Mind you there are some 'unexpected' items boosting up their F&D cost in this report this year (this has been discussed on the board previously).

Net back is Oil Price, less diluent and transportation costs, less royalty and opex.
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