TSXV:TLC.P - Post by User
Post by
prospect_93on Sep 14, 2010 12:37am
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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.