GREY:TRIAF - Post by User
Post by
AIGswapon Dec 14, 2010 12:00am
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Post# 17841790
Lochend Cardium outperformance
Lochend Cardium outperformanceTo date, 285 Cardium wells have been drilled with an average IP30 of 174 boe/d and median of 153 boe/d. The average IP30 at Lochend (7 wells) is 220 boe/d including PBN's restricted flow rate. NAL isn't lying when they state that this play continues to exceed expectations. That is why I am still a little confused as to why so many bailed out on the stock today (on the highest volume trading day ever for TOL). What's even more confusing is how TVE or EQU's stock price didn't budge!
Also of note is that 2 of the Lochend wells rank in the top 35 wells (out of 285) drilled in the Cardium (these wells include Pembina, Garrington, Willesden Green, Harmattan, etc.).