TSXV:TLC.P - Post by User
Comment by
WCSB2013on Jul 24, 2013 10:16am
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Post# 21626990
RE:Today's the big day
RE:Today's the big dayIs This drama is over $100k interest payments per month... can this be solved with 1-2 wells?
The Belly River formation is listed as having 10 Well inventory in the Tallgrass presentation.
DeeThree had some significant success in BellyRiver this spring, 1580 BBL/Day utilizing
multistage fracs. I know it isn't that simple but on page 13 of this link
https://www.tallgrassenergy.ca/presentations/Tallgrass-Corporate-Presentation-apr13-1.pdf
they stated only 65 bbl\day .....so question is, can Tallgrass get better production out of belly river utilizing a similar completions program to that of DeeThree?
At 1.5 MM cost per well for 65bbl/day ... Is there any chance there is more of a prize in BellyRiver than what is projected.
USA does need LIGHT OIL, the prices are much higher this month than when this presentation was put together. Seems to be a lot of naysayers on this blog, with logical arguments, just wondering if anyone sees what I see, am I missing something or is this geology hiding some treasure.
NCS Frac has some new technologies for multistage, not sure if DeeThree used them on the well that hit 1580 per day in BellyRiver...but kinda shows off the advances in Fracking since 2007. If someone owed me $6,12,18 MM, i think I would rather get a couple wells drilled first before throwing in the towel. probably doesn't work that way so somebody enlighten me.