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Birchcliff Energy Ltd T.BIR

Alternate Symbol(s):  BIREF

Birchcliff Energy Ltd. is a Canada-based intermediate oil and natural gas company. The Company is engaged in the exploration for and the development, production and acquisition of oil and gas reserves in Western Canada. The Company’s operations are focused on the Montney/Doig Resource Play in Alberta. Its operations are concentrated in the Peace River Arch area of Alberta. The Company has a 100% working interest in its Pouce Coupe Gas Plant and two oil batteries, as well as various working interests in numerous other gas plants, oil batteries, compressors, facilities and infrastructure. Its Pouce Coupe Gas Plant, which is licensed to process up to 340 million cubic feet per day (MMcf/d) of natural gas, is located in the heart of the Corporation's Montney/Doig Resource Play.


TSX:BIR - Post by User

Bullboard Posts
Post by fergus2on May 01, 2014 11:13am
220 Views
Post# 22512516

Re this weeks storage figure

Re this weeks storage figureI remind everyone to refer to SHD's last post on storage. You will note his comment, that for storage to equal last year's amount by the end of October this year, we would need an average of 105Bcf injection each week. Even though this last weekly storage figure (82Bcf) came in above the estimate (75Bcf) it is still far short of the required figure. So going forward, the weekly requirement moves higher. I'm sure SHD in his posts will give us the new adjusted figure.  Never mind the move lower in the Henry Hub price that we see in response to the Weekly NG Report, it’s only scribbling,- and it can’t hide the fact that we didn’t make the overall number that was needed, so the can gets kicked down the road. I’m sure everyone is familiar with that expression.

Bullboard Posts