GREY:CNKEF - Post by User
Comment by
Bean_and_Dunnon Sep 21, 2017 10:23am
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Post# 26725218
RE:CKE, 4 Montney results are out! Awesome!
RE:CKE, 4 Montney results are out! Awesome!Small correction
During the second quarter of 2017, Chinook successfully completed a four well (3.63 net) (the a-81-F, b-90-G, 02/d-5-K, and b-14-K wells) drilling program at Birley/Umbach with average drilling costs of approximately $1.55 million per well ($1.38 million, net). The wells were subsequently completed during the third quarter of 2017, at an average cost of approximately $2.69 million ($2.43 million, net).
This is a total cost of $4.24 million per well ($3.81 million net)
https://media3.marketwire.com/docs/Chin ook920.pdf
(The original link won't work in Stockhouse it is missing the error made by marketwire or Chinook some how an extra k got placed between the Chin and the ook. This word is then disallowed) Ju
This is still fantastic wonderful etc.
I am on the buy side at $0.32.