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MGM Energy Corp MGMCF



GREY:MGMCF - Post by User

Post by farml1234on Jan 15, 2014 5:29am
337 Views
Post# 22092496

created new post on the Husky post because of one statment

created new post on the Husky post because of one statment

The coment in yellow is what i was referring to
In the Canol shale, meanwhile, the prize is huge, but so is the challenge.

To put the Canol size in perspective, Symonds said the Bakken can have five million bbls of oil-in-place per section, the Muskwa at Rainbow can have roughly 20 million bbls per section while the oil-in-place in the thick Canol shale can be as much as 80 or 90 million bbls per section.

While the Canol appears to have better permeability, it is not over-pressured and there is no infrastructure in place, he said.

“We have only a three-month working window in the winter. We have built an all-weather road so we can get a three-month working window in the summer,” Symonds said. “But the real challenge for us is: what is the type curve? Can we afford to build the infrastructure up there to go to year-round activity?”

He said Husky and some other Canol operators are sharing information so they can avoid duplicating each other’s mistakes.

“But right now, we’re not looking to drill. We drilled two vertical wells, we’ve proved there’s hydrocarbons in the system. We’re looking to drill horizontal wells in the winter of 2015-16,” he said about the Canol. “And that’ll allow us to make a long-term determination of deliverability -- because we’re going to need a long-term test. And it’s the logistics of a long-term test that are holding us back


Read more at https://www.stockhouse.com/companies/bullboard/t.mgx/mgm-energy-corp#UfFIETuYpL0lCyKQ.99
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