RE: Cardium oil Formation is Place to be.....By my calculations, the first two Cardium wells drilled by TOL, with initial combined production in excess of 2600 barrels per day, should have recoverable oil of between 4 and 5 million barrels.
TOL has multiple horizontal drilling targets near these two wells in Lochend and another Cardium will be drilled in Dec/11 and another in early 2012.
These offer considerable increases in light oil production as well as large increases in 2P reserves.
TOL's WI range from 30 % to 100 % which means we could see 2P reserves increased by 50 % or more over the next 6-12 months.
Well worth waiting for..............................