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Compass Venture Inc T.CVI.A


Primary Symbol: V.CVI.P

Compass Venture Inc. is a capital pool company. The principal business of the Company is the identification and evaluation of assets or businesses with a view to completing a qualifying transaction. The Company has no assets and has not generated any revenues.


TSXV:CVI.P - Post by User

Bullboard Posts
Comment by GMJFARon May 19, 2011 7:57am
314 Views
Post# 18598834

RE: RE: Board options & there buying & not selling

RE: RE: Board options & there buying & not sellingPRODUCTION (BLOCK 9)
Current Production: 4,000 bbl/d (2,000 bbl/d net to Calvalley)
• Partial Hiswah development and producing from average 19 wells (12 wells shut-in awaiting new ESP)
• Al Roidhat and other discoveries are shut-in awaiting completion of Truck Offloading Facilities
Production Growth (2P) – McDaniel 2002 Assumptions: 22,500 bbl/d
(Hiswah 8,000 bbl/d; Al Roidhat 5,000 bbl/d; Ras Nowmah 9,000 bbl/d)
FIELD Gross Field (100%) -
Current Production
(bopd)
Gross Field (100%) -
Future Production
Capability (2P -3P)
(bopd)
Requirement for
Production Expansion
Slide 9
BOOKED RESERVES
Hiswah 4,000 8,000 – 12,000 Field wide pressure
maintenance program;
additional new development
wells
Al Roidhat - 5,000 – 7,000 Completion of Truck Offloading
Facilities at Block 51 (Nexen),
Re-activation of existing wells,
additional development wells
Others (Auqban, Ras
Nowmah)
- 9,500 – 12,500 New development wells
TOTAL 4,000 - 22,500 – 31,500
Bullboard Posts