New Economics for Willesden Green (13.2 million DCET DATED)How does it benifit POU having our President JR sitting on the board of ARTIS one of the leading east Duvernay players, and what does this mean for the future of POU.
April 2019 Paramount posted their findings with regards to Wilesden green.
2019 2021
DCET Costs 13.2 million $7 million
IP365 817/ boe/d
IP365 CGR 218 boe/MMCF
F&D costs 10.37 boe $5.50
Capital
Efficiency 16102 boe $8500 boe
Return 48% 90%
Well the value of this play is highly understated, and not to mention we have the best results in the entire basin and a 4 well drill to date. I believe they have one more well license, ready to go all they need is the capital. However why when you sitting on the best well in the basin would you want to drill another well. It is hard to beat the top performer, and it better just to wear the crown for a while.
Wilesden Green
North Duverny
Smokey Duvernay
Wapiti
Montney Oil
Ante Creek
We have a lot of irons in the fire and they are all smoking hot. 1.5 - 2.5 billion for Karr would be all we need to enter the next phase in POU's organic growth.
Oilsands are grind ahead and so is the need for condensate, what not buy your own 25 year supply.
IMHO