RE: RE: ManitobaFrom what I heard is
Roncott news any day now. Dont know how soon the next well will be drilled at Roncott but was told id be on production by end of year.
Spearfish- Yes they are going to drill 3 more and have them on production by end of year, my understanding was they have secured a rig to start drilling the 3 wells. (Managment expects 500 boe/d from Spearfish alone by year end)
Porcupine-were drilling horizontal leg on Friday.
Lets say ATK got $150 000 per flowing barrel of oil for Spearfish alone thats $75 000 000 (If they achieve their goal of 500 boe/d at Spearfish by year end)( I believe managment is looking at drilling even more wells by March). I recall Legacy buying Molopo at the beggining of the year for over $200 000 per flowing barrel of oil. Manitoba is going to be what builds this company unless they hit big at Porcupine or somebody buys ATK.
Good luck