GREY:DONYF - Post by User
Post by
kobiyashiion Apr 22, 2013 3:17pm
138 Views
Post# 21289653
presentation
presentation according to the math on the presentation and noted below the 1000ish barrels of production on number 1 is down to 327barrels per day or so of which 25% goes to Donny. So 80 barrels per day. Not that great when you consider they spend what? 2-4 million to get that production? There are companys poking holes in farms near me for a million that accomplish that production, thats light oil production and if you stood on top of my roof you could almost see a nearby oil refinery. Their current land position at kakwa is 16.7 sections and net potential production once all these well are on stream will be 400barrels per day tops assuming the 66% decline in production exhibited by the first well stabilizes and doesnt decline further. I dont think there will be much upside untill they start exploring wapiti, then there might be some more excitement. For now it will be a battle against declines and the costs to tie all thos stuff in to new facilities which will need to be built.>