Kolibri Global Energy Inc BNKPF

Energy

Kolibri Global Energy Inc, formerly BNK Petroleum Inc is an exploration company. It is focused on the acquisition, exploration, and production of oil and gas reserves. The company owns and operates shale oil and gas properties in the United States. Its segments include the United States, Canada and Other.

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Kolibri Global Energy Inc > How Much Are These Well Costing?

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Comment by auburn2on Oct 16, 2017 3:01pm

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Post# 26818051

RE:RE:RE:RE:RE:RE:RE:RE:RE:How Much Are These Well Costing?

"The fracture stimulation was successful, with 13.5 million pounds of proppant, or over 2,650 pounds per foot placed, on time and under budget."

So what was the budget? Why wouldn't they say?

I estimated $10 million because they're doing much more intensive frac jobs than they did in 2014.

BrokerG wrote:
$10 million per well???

The last post you made reference to $8 million per well [2014 figures]. With the destruction in the oil market over the past three years, there is no way it costs 25% more today to drill than 2014.

Netbacks are provided by the company, each quarter. I realize capital expenditures may not be part of the netback figure but it does give us something to work from.

Here we go speculating again!!