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Bowood Energy Inc V.BWD



TSXV:BWD - Post by User

Post by CravenRaven101on Mar 27, 2012 5:13pm
591 Views
Post# 19724917

what are your expectations???

what are your expectations???

I recently read of a US company drilling for shale liquids... this year they will be spending $800MM + in order to increase producrtion from about 2.4K BOE/d to 16K +/- BOE/d on the back of some 200 new wells this year... If you break it down...that's about $4MM/well to produce approx. 80 BOE/d/well... THIS is what O&G companies are calling an economic play...

and IF you have been catching what I have been throwing... this American copany's play... will require similar "heavy lifting" by ANY company hoping to make good on the AB Bakken "Promise"...

 

do as you choose with that information it is neither speculation or opinion...although I have rounded the budget and production numbers downward...

 

GLTA

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