GREY:TBTEF - Post by User
Post by
Rocky7777on Jun 15, 2015 9:13am
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Post# 23830333
TBE had about 1000 Boe/d of heavy oil production shut in
TBE had about 1000 Boe/d of heavy oil production shut in
TBE had about 1000 Boe/d of heavy oil production shut in due to high operating cost. If they are transitioning to medium oil with manageable operating cost, why not just sell those assets and use proceeds to pay off or reduce debt. Actually at $60 WTI, TBE is losing more than $21 million of income per year. Also, Surge sold their producing Viking assets in Saskatchewan for 450 million and with average production of just over 500 Boe/d.