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NORTHERN BLIZZARD RESOURCES INC T.NBZ

"Northern Blizzard Resources Inc is engaged in the exploration, acquisition, development and production of petroleum and natural gas reserves in western Canada."


TSX:NBZ - Post by User

Post by TonyDjon Jul 27, 2016 11:39am
98 Views
Post# 25088570

Still Making money at US $40.Here you go.

Still Making money at US $40.Here you go.The Company has WTI hedges in place of 11,500 bbl/d for the balance of 2016, which represents over 60% of anticipated 2016 production, at an average price of C$79.50/bbl, 10,000 bbl/d in 2017 at an average price of C$66.19/bbl and 6,000 bbl/d in 2018 at an average price of C$60.64/bbl. Northern Blizzard has over 1,000 drilling locations with anticipated rates of return greater than 30% at WTI prices of US$40$45/bbl.
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