Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bowood Energy Inc V.BWD



TSXV:BWD - Post by User

Post by CravenRaven101on Mar 27, 2012 5:13pm
583 Views
Post# 19724917

what are your expectations???

what are your expectations???

I recently read of a US company drilling for shale liquids... this year they will be spending $800MM + in order to increase producrtion from about 2.4K BOE/d to 16K +/- BOE/d on the back of some 200 new wells this year... If you break it down...that's about $4MM/well to produce approx. 80 BOE/d/well... THIS is what O&G companies are calling an economic play...

and IF you have been catching what I have been throwing... this American copany's play... will require similar "heavy lifting" by ANY company hoping to make good on the AB Bakken "Promise"...

 

do as you choose with that information it is neither speculation or opinion...although I have rounded the budget and production numbers downward...

 

GLTA

<< Previous
Bullboard Posts
Next >>