GREY:BNKPF - Post by User
Post by
KellyBushingon Nov 06, 2013 5:51pm
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Post# 21882828
The whole picture
The whole pictureNew to the board but been a shareholder for a number of years.
I like the production numbers coming out, bodes well for the future. However, I wish they would give some more clarity on the cost of these wells though.
Looking at the press release, they have drilled and completed 3 wells, drilled one well one well that is waiting on completion, and just spudded another one. So assume full costs on 3 wells and the other 2 equal the cost of one well. With capital costs of $35MM that's roughly $9MM/well. I would like to see what the trajectory of costs have been over the wells drilled to date as well as hear about the increasing productivity of each new well.