GREY:TBTEF - Post by User
Comment by
bshort92on Feb 01, 2012 9:37pm
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Post# 19477381
RE: RE: Heavy Oil take
RE: RE: Heavy Oil take PXL sufferes from poor netbacks on their production: For 2011 less than $19 per boe. RE suffers from the same issue (around $20 per BOE). TBE gets over $41 per BOE netback. EME around $35. Attractivness to the market is helped by high netbacks. In the case of PXL they project $25 per BOE in 2012 as they say they will increase nb based on improved transportation infrastructure and drilling wells with less water cut. Water issues plagued TBE's spring 2011 effort at Princess targeting medium Pekisko oil.