Bowood Energy Inc V.BWD

CPG hit oil

[poise]

CPG Reagan 15-1-2-20W4M horizontal Bakken well depth 3019m hit oil.

[403xyz1]

Not every poster has a map. Was this well drilled in the Fairway? How far from BWD/LEG/Blood Nation lands is this well? Any help would be appreciated

[ammonitehunter]

In a straight line CPG well is approx. 22 miles to the SE.   7 miles north of the Montana border.

[ammonitehunter]

However, DeeThree's test well is just 2 miles SW of  the CPG well.

[pricecheckon2]

CPG 15-1 production reporting cumulative for January and February 2011Total Oil 315 bbls, total water 2,784 bbls (90% water-cut).  For February, the worst it could be is 9 bbl/d of oil plus 28 bbl/d of water(76% water-cut).  The water is not reported as load water so it must be formation.  Does anybody have insight into the completion style being used?  Also has anybody else

[Bob56]

Poise, this isn't the same CPG well your referring to, is it?

[pricecheckon2]

There is only 15-1 location, Bob56/Poise and the production I provided to the blog is right from the Government data.BMO put out an update on their research on this play as well earlier today, which included the following comments on the 15-1 well. "BMO Capital Markets had the wells scouted (Firgure 1a and 1b) and the 15-01 and 14-07wells  were still in production.  The 15-01 well

[Bob56]

Hmmm, a house (someone know which one) just bought $200,000 CAN chunk of shares at market price.  And a larger chunk before that.  Not a subtle vote of confidence to say the least..

[daCritic]

Looks like house 27 - Dundee Securities Ltd.daCritic

[Bob56]

The big trucks are backing up again and today packing on another $300,000 CAN chunk of shares at market price. Most people would consider investing $300,000 of their portfolios on an unproven junior awaiting news on a well to be a little optimistic to say the least.  From the street, this looks crazy.  But from the inside, obviously a very different perspective at play here folks.  

[dudeman9]

I agree Bob