GREY:CRVNF - Post by User
Comment by
dgh7on Apr 12, 2006 6:04pm
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Post# 10672103
RE: news
RE: newsFind right on target to make its guidance of 8,000 boed exit production, Dec. 31, 2006.
Present production = 5,650 boe/d. Add an additional 2,300 boe/d when the expansion to the plant is completed in 4thQ/06. Total =7,950 boe/d.
In my StockHouse post # 10907126 (December 3, 2005) I made the following estimate of Find production:
"Therefore, all else being equal, add 2,450 to the 3,300 current production. Answer is 5,760 BOE/d by Feb./06.
My best guess for February/06 exit production is 6,000 BOE/d. I do not expect Q1/06 average BOE/d to match my Feb. exit number unless Blue Rapids goes online on schedule AND March production is excellent."
So at the current production of 5,650 boe/d, my estimate was five weeks off target. The eight wells in Pembina West awaiting tie-in will bring production closer to target. I am still a little concerned about their decline rates. We probably will have to wait for a number of months to get a good feel of new decline rates.
Regards, Doug