GREY:BNKPF - Post by User
Comment by
auburn2on Jan 04, 2019 1:07am
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Post# 29184859
RE:Another for you Auborn..you say the trading looks fine lol
RE:Another for you Auborn..you say the trading looks fine lolI had a very small position in MEI and I took a small loss on it. I think My average was 15 cents and I sold at 13 cents. You said I was pumping it for years. False.
As for CR, they reported:
Crew's two new ultra liquids-rich wells continue to perform above expectations. The first well has been on production for 90 days and has produced a total of 36,700 bbls of condensate (an average of 408 bbls per day) and 179 mmcf of natural gas (an average of 2 mmcf per day) with the condensate to gas ratio averaging 204 bbls per mmcf. The second well was shut-in for facility modifications during the fourth quarter of 2016 but was on production for 40 days during which it produced a total of 17,700 bbls of condensate (an average of 443 bbls per day) and 97 mmcf of natural gas (an average of 2.4 mmcf per day) with the condensate to gas ratio averaging 185 bbls per mmcf.
During the fourth quarter, the Company completed two of four Tower light oil wells that had been previously drilled but uncompleted and both wells are continuing to clean-up after completion operations. Crew utilized a 30 stage plug and perf completion method with 60 limited-entry perforations per well and a higher sand loading of 2 tonnes per meter. The first well has been on production for 40 days and produced at an average rate of 950 boe per day, including 456 bbls per day of 45 degree API light oil. The second well was completed using a 23 stage plug and perf completion with 46 limited entry perforations and has been on production for 21 days over which it has produced at an average rate of 840 boe per day, including 350 bbls per day of light oil. Crew is planning to complete the second pair of Tower wells in the first quarter of 2017 and will continue to optimize completion techniques to evaluate the optimal drilling and completion parameters to be utilized for full-scale Tower field development.
so they're more than just gas and they also have strong access to Dawn and Chicago gas markets. Before their debt matures in 2024 they'll have access to Shell's new LNG facility. Take some time to really look into what they have and you'll be impressed.