GREY:CHTYF - Post by User
Comment by
whoa_rimcheeseon Dec 28, 2011 2:49pm
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Post# 19354897
RE: RE: RE: RE: RE: RE: IGSMAN
RE: RE: RE: RE: RE: RE: IGSMAN Let's deal in facts - in PAGE 11 of presentation Cardium wells are 3.5 to 4.5 million per well - so I was wrong - they are HIGHER than I stated. They have 35 sections of Cardium land, and that is where most of their well reserves are booked. They have about 5 sections a piece in Coutts and Ante Creek - so I guess the company will focus on East Alberta. Odd, 1,500 of production is from Cardium with the 3.5 to 4.5 million wells, and they have a paltry 120 BOEPD from East Central....hmmmm........and you are SAYING I AM NOT DEALING WITH FACTS??? 75% of the companies production is from region with 3.5 to 4.5 million wells.....Caridum is great, but company can't afford it with such a small credit line.
The next 12 wells you reference...hmmmm....that was fourth quarter drilling....right? Let's see if they hit 70% oil and liquids....if they hit 50% or lower, what will you say?
What about 2012?
As for management not coming through - check out Base and wells drilled - one a duster and two supposed to be 70% oil - were like 30% oil.......no VALIDATION in your facts. I was correct in everything I said - Marquees most attractive land - $3.5 million + a well.