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Altima Resources Ltd V.ARH

Alternate Symbol(s):  ARSLF

Altima Resources Ltd. is a Canada-based company, which is engaged in the exploration for and the development of petroleum and natural gas in Canada. The Company is focused on acquiring undervalued oil and gas assets, exploiting existing low risk high return asset enhancement / development / optimization opportunities. The Company acquired petroleum and natural gas properties in the Red Earth oil property in Alberta and a number of smaller assets in Alberta and British Columbia. The Company's subsidiaries include Altima Resources Ltd., Unbridled Energy Corp., Crimson Oil and Gas Ltd., Unbridled Energy USA Inc., Unbridled Energy New York LLC, Unbridled Energy PA LLC and Unbridled Energy Ohio LLC.


TSXV:ARH - Post by User

Bullboard Posts
Post by letsbefriends1on Jul 19, 2011 5:21pm
279 Views
Post# 18849063

Offset Devon well to Chambers tie-in

Offset Devon well to Chambers tie-inDevon's well just to the north of Altima's February tie-in (what on earth happened to that well???) has come off confidential.

The production data looks great - 2.12 mmcf/d average for March and 2.64 mmcf/d average for April. It'll be interesting to see what the May production profile looks like...they may have been choking it back and slowly ramping up production. Tough to get a read on condensate production/yield because that is likely separated out at Devon's facility but the gas rates are very, very encouraging.

Now if only Altima can put its well on production and spud the Chambers well that is already two weeks overdue! I know it's been raining up there so I'm not surprised by the delay...I just wish the company would update us on what's going on these days.
Bullboard Posts