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Bellatrix Exploration Ltd (Canada) BXEFF

Energy
Bellatrix Exploration Ltd is a Canada-based oil and gas company, engaged in the exploration, acquisition, development, and production of oil and natural gas reserves in the provinces of Alberta, British Columbia, and Saskatchewan. It primarily focuses on developing its two core resource plays, the Cardium and the Notikewin/Falher intervals in Western Canada. The Notikewin/Falher in Alberta's deep basin boasts abundant, liquids-rich natural gas with compelling economics. The Cardium is a highly e


GREY:BXEFF - Post by User

Bellatrix Exploration Ltd (Canada)
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Comment by barqshasbiteon Oct 01, 2012 11:27am
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Post# 20433492

RE: RE: Bellatrix Exploration Ltd. Provides Operat

RE: RE: Bellatrix Exploration Ltd. Provides Operat

3 day IP numbers should not be released. The well is still extremely charged from the frac and 3 days is not enough time to see how the well itself is producing. Also, what is the oil/water cut of the 80% oil and liquids? I would guess that is has a pretty high water/load fluid percentage.

Don't get me wrong, I think that BXE has good land and drills great wells, but people need to take a 3 day IP average with a grain of salt. Let's see what this well's 30 day IP and 60 day IP are and how they are in relation to their Cardium well curve and then I will judge the success of the well.

 

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