GREY:WFREF - Post by User
Comment by
OneStaron Mar 09, 2013 2:16pm
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Post# 21105109
RE: RE: RE: RE: recycle raio?
RE: RE: RE: RE: recycle raio? The Q1 results willbe very interesting and IMO will surprise on the upside.
In the operations update portion of the Q4 results the company makes some interesting statements.
All the latest wells drilled are exceeding expectations. The Montney wells in Peace River are exceeding 200bbl/day (Initial production) up from around around 160bbl/day (+30%) and based on the chart in the March presentation (slide 18) this differential continues for up to 12 mths.
Also in the operations update it states that the wells in Redwater Viking are showing initial flow rates of 86bbl/day on the first 12 wells after the company made changes in the liner system. ( this is an increase of 45% over the previous initial flow rates of 60bbl/day)
I would not be surprised to see an significant bump in output and in CF.
All other financial issues are dealt with and the LRE has a clean balance sheet.