OTCPK:STOSF - Post by User
Comment by
larsen6on Nov 14, 2012 1:55pm
153 Views
Post# 20599800
RE: Good Q
RE: Good Q Another beer for the Spartan team. I did not need to read past the following. It says it all.
With cold Alberta weather, exiting at 4,5000 boepd is a slam dunk. No more mud to contend with, and hopefully no uncooperative landowners either.
Congrats to longs.
L6
CURRENT OPERATIONAL HIGHLIGHTS -- Current production is in excess of 4,000 barrels of oil equivalent ("boepd"), based on field estimates. -- An additional 13.9 net wells are expected to be brought on production prior to the end of the calendar year, all of which are already drilled and behind pipe. -- Spartan expects to drill another 4.9 net wells prior to the end of 2012. -- The Company has continued to reduce its drilling costs at Keystone. The average on-stream costs for the Company's Cardium horizontal wells is approximately $2.3 million ($2.0 million drill and complete).
Read more at
https://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=31774743&l=0&r=0&s=STO&t=LIST#tt0H4QWLoAJw1v9A.99