Silver Range Resources Ltd V.SNG

Alternate Symbol(s): SLRRF

Metals & Mining Industrial Metals & Minerals

Silver Range Resources Ltd. is a Canada-based precious metals prospect generator with projects in the Southwest United States and Northern Canada. The Company's work is focused on the Southwest United States. It has assembled a portfolio of over 38 properties, of which 10 are under option to others. Five other projects have been converted to royalty interests. Its mineral property interests include various mineral properties located in the Yukon Territory, Northwest Territories, and Nunavut in Canada and in Nevada and Arizona, United States. Its active property transactions include Silver Range Project, South Kitikmeot Gold Project and Bellehelen Project. Its featured projects in Nevada include Shamrock, Cambridge Mine, Tonto del Pueblo and Sand Springs. It has retained interests in mineral properties acquired by third parties, which include Yuge Property, Cabin Lake Property, Michelle Property, Tom Property and South Weepah Property. It has a 25% interest in East Gold Point property.

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Silver Range Resources Ltd

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Comment by paljoeyon Apr 29, 2009 7:27am

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Post# 15951937

Daily production of 44,000 boe/day

Its easier to wrap your mind around the daily production volumes.

Endevour's stabilized flow rates was 56.4 MMscf/d.
Bounty's was 60 MMsc/d.

Canadian Superior estimated that the 'Victory' well is capable of producing at flowing rates of over 100 MMscf/d from the lower zone which was the first formation tested; in addition, they estimated that the well is capable of flowing up to 50 MMscf/d from the second formation.

Add these up and you get a daily production of 266.4 MMscf/d or about 44,000 barrels of oil equivalent per day.
This is a mind-blowing daily production rate.
Clearly, keeping Block 5 is the right move.

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