RE: Re: Great news Yes we all know that all wells have to consider depletion (doesnt matter where they are at), the fact is the Pierson area is a good area for ATK to be in (its cheap to drill a well , doesnt take long to pay off a well,single well batteries are cheap to operate/run, and Juniors are being bought out by bigger companies. Heres somethen to consider from their news release in early December of 2011- Over the first six months, the 11-26 well stabilized to a production rate of approximately 100 barrels oil per day.
Working in the oilpatch for many years ive talked and made some good contacts with higher up guys from Legacy and Pennwest and when I ask them about some of their stronger areas they are involved in the Pierson area of Manitoba always comes up along with other areas too. Im not saying that one of these guys are going to Buy ATK out or anything, but the point im making and im sure everybody that reads these blogs already knows this is that ATK`s position in Manitoba is great and they are doing a very well job there. The area is busy and people are always fighting for rigs (when this is happening you know your in a good area).
There is also stuff to consider at Roncott too (people will realize that before spring)
ATK is doing the right thing by focusing on their oil properties at the moment, with oil at a very good price and natural gas at a very low price investers will be focusing their investment more and more on oil wieghted companies.
Unaboy is right though this is by far the best press release we have seen yet, and the things comen down the pipeline are just going to get better from here.
We will see a very aggresive ATK this year.