OTCPK:TLSMF - Post by User
Comment by
oilandgasmickon Dec 13, 2014 10:46pm
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Post# 23228241
RE:IF they stay in Town Monday and there is not halt and
RE:IF they stay in Town Monday and there is not halt and PWT has been even more mismanaged than TLM and they don't have the international profile that TLM does. As for production costs, much of the Cardium and Viking plays date back to the 1960's and primary production is pretty much finished along most of the trends. After primary is finished you have to install expensive water flood technology or EOR techniques to get much oil out of them. Depending upon which area you are in pressure depletion can be a bigger problem and account for higher costs. Having said that I wouldn't touch PWT and would take TLM in a heartbeat despite analysts stating that both were in the same boat which obviously they are not.