Karrs wells are Amazing IP30 - Only 30 days of production on wells that can be drilled for around 7 million dollars.
Well 00/09-17-065-05W6/2 - This well came on at 1304 boe/day 710 CGR = 81% Liquids
- At $54 US Condensate that is about 2.5 million revenue in the first month of production.
00/03-12-065-06W6/0 - This well came at 2307 boe/day 365 CGR = 69% Liquids
- That about 3 million dollars it generated in its first month of production.
What this illustrates he is that they well come on hard and rich in liquids, the first few months of production, are the most significant. However with proper hedging you can bring on wells and they will pay back in no time.
With Prices where they are now, POU could easily accelerate the Ramp up of Karr and Wapiti.
IMHO