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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 Dec 10, 2014 7:23pm
169 Views
Post# 23217394

A reprint of a portion of that Eric Reguly article Dec 1st

A reprint of a portion of that Eric Reguly article Dec 1stEuan Mearns, an oil analyst I like a lot because he is independent and not really an analyst - he's a geologist and good researcher who strays off the beaten path - produced a fascinating little chart recently on his Energy Matters site. The chart showed that conventional oil and condensate - the "black" oil that comes out of the ground easily and relatively cheaply and can be refined into gasoline - reached a production level of 73 million barrels a day in 2005. Guess what? Almost a decade later, conventional oil production has not climbed even though prices were high for most of that time. What drove global production up to the current 92 million barrels a day or so was non-conventional production - the oil sands, U.S. shale oil, biofuels and natural gas liquids. The problem is that most of this production is highly expensive and a lot of it, like the gas liquids, is refined into heating fuels, such as butane, not transportation fuels, which are the biggest oil products market. Barring a technological breakthrough, the world has probably seen "peak" conventional oil production. That means any significant production gains will have to come from non-conventional oil. Continued low prices can only damage that production.
Bullboard Posts