GREY:MKRYF - Post by User
Post by
kanadakaon May 01, 2014 3:34pm
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Post# 22514277
A few people get it.
A few people get it.The wells are pretty cheap and easy to drill. The vertical wells are like playing battleship a 40 boepd vertical well helps develop targets for horizontal wells that hopefully range from 150 / 200 / 250 + boed wells. There is a possiblity for higher but many a company has done well with these. There is also proven gas wells that could be farmed out if Manitok doesnt want to do the work. Stolberg Cardium is the cash cow with approx one well a month and currently 20 locations identified for drilling. That area is unique with different and not so typical production numbers and a 100boepd well is considered very good and normal in many alberta and sask locations thats just a fact. Some may just be delusional but the fact they have this much land to drill would have most juniors envious. Thats my rant.