RE:Valuations and Montney rates: LXE versus CKEJDavis17 alias, after 140 ignores with your 5th Stockhouse account, you are on the way to collect 150 ignores and then create your 6th Stockhouse account. Good job. I have proven with facts your repeated lies about CKE. Facts from CKE's reports. But due to your inferiority complex and pathetic personality, you slander me because you can't handle the facts I post.
JDavis17, in one of your last lies, you dared to claim that Alliance ATP price is the same price like Chicago Citygate trying to scare the CKE holders although CKE has nothing to do with Alliance ATP.
Disgusting liar is an understatement for your case. PeterM1 alias, you make huge mistakes on the basics about CKE. CKE's production in 2015 has nothing to do with its production in 2017 because CKE unloaded all its NON-Montney assets to CRAFT in 2016. Nevertheless, you allege that you are a shareholder. Sell your stuff elsewhere. I'm not buying it.
If you wanted to be fair,
you should compare CKE's Montney production in 2016 with CKE's Montney production in December 2017 which is 6,300 boepd according to the latest guidance. stockfy wrote: See LXE's latest Montney results below and compare them with CKE's. Cost per Montney well is the same.
Then compare LXE's valuation with CKE's valuation. Both are debt-free with about the same cash.
LXE (73% natural gas)
currently trades at $3,000/Montney acre, approximately $15/boe of 2P reserves and approximately $100,000/boepd. CKE (75% natural gas)
currently trades at $1,000/Montney acre, under $2/boe of 2P and under $9,000/boepd based on the exit production guidance of 6,400 boepd. If this is not irrational and tremendous valuation gap, I don't know what it is.
See LXE's latest Montney results:
" Leucrotta recently tied in and started producing the 8-4 Lower Montney Oil well. The 8-4 well had an IP30 of 747 boepd comprised of 317 bopd of light oil, 2.2 mmcf/d of gas, and 60 boepd of ngls. This compares favourably to Leucrotta’s IP30 type curve of 584 boepd that is comprised of 213 bopd of light oil, 1.9 mmcf/d of gas, and 50 boepd of ngls. Note that this well was completed with 28 fracs versus the recently released A8-22 well noted below that had 41 fracs.
The A8-22 well has now produced beyond 90 days and had an IP90 of 838 boepd comprised of 254 bopd of light oil, 3.0 mmcf/d of gas, and 79 boepd of ngls as compared to Leucrotta’s IP90 type curve of 521 boepd that is comprised of 172 bopd of light oil, 1.8 mmcf/d of gas, and 47 boepd of ngls. The A8-22 has produced significantly above expectations and we will continue to monitor the well to see what effect the success of this well will have on the ultimate recoveries and go forward economics of the play."
See now CKE's Montney results below and their IP-30 rates where not only its 4 latest Montney wells with the latest completion design but also many of those drilled back in 2015 have IP-30 above 750 boepd including the high-priced Condensate volumes (no oil, no low-priced NGLs):
https://globenewswire.com/news-release/2017/11/10/1179060/0/en/Chinook-Energy-Inc-Announces-Third-Quarter-2017-Results-and-Increased-Credit-Facility.html