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Citation Resources Inc V.CTT



TSXV:CTT - Post by User

Bullboard Posts
Comment by geomeanon Dec 19, 2005 11:51am
301 Views
Post# 10041690

RE: C1 Energy Sarcee Completion Update

RE: C1 Energy Sarcee Completion UpdateCan anybody link to a petrological description of this Sarcee well? It would help to understand what, if any, other intervals, they might be referring to in the PR for "future operations or additional drilling". "C1 has now completed an acid stimulation and production test of the Turner Valley zone. Testing of this interval has determined that the well is non-commercial due to low gas productivity associated with high rates of water production. The well has been suspended and further analysis will be conducted to determine if future operations or additional drilling is warranted to establish commercial production from this area." Is this like the Hancock #1 of Diaz, or should we write it off as a duster. Good thing Hugh farmed a lot of this out, as anybody can be fooled by randomness, especially in the E&P space. Syncrude, you're right, Extreme has been a disappointment. However, the number of drilling locations and the unrisked potential is still there, as well as production increasing/coming on line, so the basic story is intact.
Bullboard Posts