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Compass Venture Inc T.CVI.A


Primary Symbol: V.CVI.P

Compass Venture Inc. is a capital pool company. The principal business of the Company is the identification and evaluation of assets or businesses with a view to completing a qualifying transaction. The Company has no assets and has not generated any revenues.


TSXV:CVI.P - Post by User

Bullboard Posts
Comment by maxamillionon Mar 19, 2007 8:29pm
454 Views
Post# 12447660

RE: New Jennings Report

RE: New Jennings ReportDrilling delayed, CPF delayed, well production down 50%, did I miss the good stuff?? There are four significant changes from our last valuation: · We have delayed the start-up of the CPF until May 2007, and are limiting production to 5,600 Bbl/d during March and April, in respect of the ongoing construction related shut-ins. · Reduced production for three Hiswah wells. Our previous production forecasts allowed for superior results from three wells (H-6, 8 and 10), based on drilling and logging results. Our mid case analysis had used rates of 7,500 Bbl/d from each of those three wells. We have reduced that estimate to approximately 3,100 Bbl/d. These wells may well achieve the higher rates in time, but given the plans for testing the alternative completion and stimulation schemes, we believe it is prudent to temper our current expectations. We have re-examined and changed the trading multiples for DACF. (See Trading Multiples below) · We have incorporated the pricing as per the marketing agreement that we estimate will average a US$1.10/Bbl discount to Brent crude. Evaluation Price Forecasts Brent Wellhead F/X (US$/Bbl) (US$/Bbl) (US$/C$) 2007 $61.40 $60.30 0.86 2008 $62.50 $61.40 0.86 2009 $60.80 $59.70 0.86 2010 $59.40 $58.30 0.86 2011 $58.30 $57.20 0.86
Bullboard Posts