OTCPK:EDEYF - Post by User
Comment by
digger69on Jun 11, 2015 1:32pm
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Post# 23821015
RE:RE:RE: 2 new wells licensed and ready to go
RE:RE:RE: 2 new wells licensed and ready to goIf they drill and tie-in soon they will still be able to catch the current 10%-20% discount that the Canadian Oilpatch is experiencing. These discounts will apply to everything from equipment rentals (including rig day rates, water & vac trucks, etc..), labour rates are reduced, material items like casing tubulars, cement product and even wellhead equipment is being sold at a discount currently.
As oil prices recover so will the applied rates!
If they can afford to drill now..now's the best time IMO!