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Timeless Capital Corp V.TLC


Primary Symbol: V.TLC.P

Timeless Capital Corp. is a Canada-based capital pool company. The principal business of the Company is to identify and evaluate opportunities for the acquisition of an interest in assets or businesses and once identified and evaluated, to negotiate an acquisition or participation subject to acceptance by the exchange to complete a qualifying transaction. The Company does not own any assets, other than cash or cash equivalents.


TSXV:TLC.P - Post by User

Post by prospect_93on Sep 14, 2010 12:37am
745 Views
Post# 17444274

Economics

Economics
If Second Wave Petroleum can make their economics fly getting rates of 50 to 100bbls/d on average, this is guaranteed to work.  The wells are at a similar depth and similar horizontal length.  Second wave also does not report their water cut.  Their wells are also taking a very large drink.

If Second wave is using $10 to $20 find and develope costs, we are in the clear.  We've tested 16bbls/d before Frac.  We will beat second waves rates.
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