RE:You guys just don't get it ,stockwatcher ,jerry B,2smartforUSurge is budgeting about 87 million for capital spending in 2017 with about 60 million of that going to drilling. At current costs to drill a well of a million or under for Shaunavon and Sparky that's a lot of potential new wells. If all that money was spent at Valhalla at cost per well of roughly 3 million, that's about 20 new wells at roughly 550bpd flowing. Or if all the money was spent at Shaunavon and Sparky, that's like 60 new wells that could possibly be drilled at about 150 to 200bpd flowing on average. Either way there is potential for production to exceed 15,000bpd, IMO exiting 2017.
If oil could approach $60 again, no problem you will get production of 15 to 20,000bpd easy, IMO.