RE:RE:RE:Hey Pennymaker69!here is what BBI says in their MD&A about Bigstone:
Production performance
Recently, production from the Bigstone wells have n
ot performed up to previous expectations. The Comp
any is uncertain at
this time whether the production performance is a r
esult of tighter reservoir rock on the east side of
the Company’s acreage
block or reflective of completion design and execut
ion, or infrastructure related.
The Company’s management has reviewed its Bigstone
assets and does not have sufficient information to
warrant an
impairment in the value of its assets. The Company
will be filing an updated Form 51-101 in conjuncti
on with our year-end
filings and will book any impairment, if any necess
ary, at that time.
In early February 2013, the SemCAMS Tony Creek Exte
nsion Pipeline went down unexpectedly for repairs a
nd consequently
the Bigstone wells were shut-in. SemCAMS confirmed
that repairs were completed on March 5, 2013 allow
ing for the
Company’s Bigstone wells to resume production.
The Company has a 25% working interest in a drillin
g location surveyed on the west side of its acreage
block for an extended
reach horizontal well. Timing to drill this locati
on will be predicated on further evaluation of the
Company’s current
production at Bigstone and results from offsetting
wells being drilled by industry competitors.