GREY:CLLZF - Post by User
Post by
planet51aon Jan 05, 2011 9:47am
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Post# 17926632
Interesting news
Interesting newsWhat I find very interesting about the news release, is that everything at Great divide seems to be going according to plan helped along by the stable prices in WTI and the plants running at approx 75% of rated production, the most interesting part of the release for me was the unlocking of value that may be gained by the exploitation of the Cardium properties that have the potential to replace or increase the conventional production sold off at Battrum.
There have been some very attractive finds although not to much information was given in the release about Where the drilling is occuring or if they are 100% or partnered wells, As always we will be waiting for more info, but this has the potential to be very high impact considering that Battrum although a solid producer was a higher cost operation with limited upside. seems like the trade off could be a huge plus. As well as monitizing the value of Battrum will help the balance sheet
Just my opinion