GREY:LSTMF - Post by User
Comment by
Harvick29on Mar 30, 2010 1:25pm
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Post# 16940098
RE: Midway Energy LTD.
RE: Midway Energy LTD.
Has anyone heard any rumours of PBN going broke? Working in and around SE Sask the rumours are flying big time that PBN has no money left. owners not being paid rentals on Surface Leases,plus I know of TONNES of contractors who have not seen a cheque from PBN since they merged with Tristar. I heard and i emphasize "rumour" that PBN will be selling to Crescent Point this summer and then starting a company under then name "PetroCardium" which will drill the cardium play in AB. Looking in the past takeovers that PBN has been doing and knowing how far behind they are getting in paying bills it is hard not to think that there has to be a little bit of truth to this story.
Any thoughts?
----------Original Message Posted 3/30/2010 9:01:34 AM----------
Currently Midway is producing Cardium oil from five of the seven operated horizontal wells. It expects to have the sixth well on production prior to the end of the first quarter of 2010 and the seventh operated well on production in early April. Production from last week for the five producing Cardium wells was averaging 950 BOE per day gross (855 BOE a day net) with the first well completing its third production month.
DOB.
So many success stories