GREY:LSTMF - Post by User
Comment by
Wellsitteron Apr 28, 2010 12:33pm
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Post# 17040019
RE: My thoughts
RE: My thoughtsNobody said they could drill 90 wells with 5-6 rigs. The Bakken was the warm-up act to the real show in the Cardium. Once again Saskatchewan will be reminded that Alberta is where it's at. The Bakken is like some girl band opening for U2.
By the end of June PBN will have 5-6 rigs drilling and by September they will have 10 or 12 more. Only with 15 or more rigs drilling will they have a chance to meet their goal of 90 wells in 2010. Some of these new wells will be 100 boe/day producers but some will hit like Daylight and Bellatrix at 1500 - 2000 boe/day and that will have significant effect on the share price. If they dump their Bakken junk to some second stringer in Saskabush, all the better.