Delphi Energy Corp. DPGYF

Energy

Delphi Energy Corp is a mining company. It is engaged in the acquisition for an exploration, development, and production of crude oil, natural gas and natural gas liquids in Western Canada. The company's core area is uniquely positioned in the Deep Basin of Bigstone in northwest Alberta.

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Delphi Energy Corp. > DEE's cost per Montney well is $7.5 million - $8 million

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Comment by stockfyon Nov 06, 2017 5:47am

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Post# 26909988

RE:DEE's cost per Montney well is $7.5 million - $8 million

TisGrandpa, just facts from DEE's reports.

stockfy wrote: Bjshort, stay with the facts. You should be ashamed of posting lies. DEE is not the cheapest Montney producer as you repeatedly claim. DEE is one of the most expensive ones, which is problematic because its liquidity is limited due to the debt overhang.

DEE's cost per Montney well is between $7.5 million and $8 million, which is at the high end of the range with the Montney costs, as quoted below:

" In 2016, the Company continued the trend of reducing drill and completion costs for its horizontal Montney wells at Bigstone reporting a Company record low gross average of $7.5 million per well compared to $8.1 million per well in 2015, and $10.4 million in 2014. "

https://www.delphienergy.ca/annual-report-2016/operations.html