GREY:STPJF - Post by User
Comment by
ShatnersRugon Mar 30, 2014 9:57am
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Post# 22387137
RE:I wasnt Privy
RE:I wasnt Privy
Senlac will not be limited to 3500 bbl/s by management, the Saskatchewan government, nor the tooth fairy. Senlac will not be sold. STP needs the cash and Senlac has been a reliable source of income for years. If STP were on the selling block, Phase L wells would not be drilled in the coming months. Red Earth will NOT be developed at least until after Phase II is in progress. Too much capex needed to get it going. And the 1000 bbl/d it can MAYBE produce from the one well that isn't corrupt is simply not worth the capital required to get the facility up and running. Red Earth ONE DAY will be pulling up 10,000 bbl/d, but not today. Awesome asset though. McKay production: I provided my reasoning as to how McKay can reach 9500 this year. How did you come to yours? Provide sources.