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Twin Butte Energy Ltd TBTEF

Energy Oil & Gas E&P
Twin Butte Energy Ltd is an oil and natural gas exploration, development and production company with properties located in Western Canada. The firm's operational assets have been sold to West Lake Energy Corp.


GREY:TBTEF - Post by User

Twin Butte Energy Ltd
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Comment by oilconsultanton Jan 03, 2017 6:02pm
56 Views
Post# 25663691

RE:RE:Twin Butte Has a Good Well: 300 bopd IP is Something

RE:RE:Twin Butte Has a Good Well: 300 bopd IP is Somethingfunny thing is about that well... despite the decline rate of over 50%...LOL.... now that is has produced over 60K barrels... the royalty they pay went up from 5% to 40%...LOL

so now their 150 bopd wells pays out 40% in royalty... don't really leave too much for TBE anymore...LOL

Oh, petroexcplorer does not know this..LOL  no wonder the idiot lost every penny here...LOL

yep 40% on that oil now goes to the gov't.... so 150 bopd nets tbe only about 90 bopd... and declining real fast.... soon they net 10 bopd...LOL  big deal...LOL

and petroexplorer touts it as a huge well?  dumb as a stick...LOL

I alugh at how dumb he is, it is funny as hell... LOL

too funny, what a dummie...LOL

whaaaaaaaaaaa  haaaaaaaaaaaaa   haaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
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Dealroom for high-potential pre-IPO opportunities