TSXV:CEN.H - Post by User
Post by
4funon Jan 12, 2012 10:45am
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Post# 19396059
Looks like my timing was off but 50,000 bopd in 20
Looks like my timing was off but 50,000 bopd in 20 Profit taking from stock traders. I am a longer term investor and don't usually trade as it creates tax problems and after tax short term trading can be very costly!
The end of this year will see production north of 50,000 bopd considering 9 more horizontal wells. Who knows how much more production from their new M75 zone. Well A09 had the greatest pay zones of any well to date totalling 175 feet. If this zone goes under the rest of the field it will be a major boast to reserves and production.
Coastal will also add a second drill rig, thus increasing the rate of discovery and development.