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Birchcliff Energy Ltd T.BIR

Alternate Symbol(s):  BIREF

Birchcliff Energy Ltd. is a Canada-based intermediate oil and natural gas company. The Company is engaged in the exploration for and the development, production and acquisition of oil and gas reserves in Western Canada. The Company’s operations are focused on the Montney/Doig Resource Play in Alberta. Its operations are concentrated in the Peace River Arch area of Alberta. The Company has a 100% working interest in its Pouce Coupe Gas Plant and two oil batteries, as well as various working interests in numerous other gas plants, oil batteries, compressors, facilities and infrastructure. Its Pouce Coupe Gas Plant, which is licensed to process up to 340 million cubic feet per day (MMcf/d) of natural gas, is located in the heart of the Corporation's Montney/Doig Resource Play.


TSX:BIR - Post by User

Bullboard Posts
Comment by fergus2on Mar 14, 2019 12:24pm
176 Views
Post# 29485918

RE:RE:Re: Storage figures , and analysis.

RE:RE:Re: Storage figures , and analysis.Great post Seppelt; it's easy to forget that 100% owned gas plant. It keeps contributing to low cost production and the bottom line. And yes, the superb management! 

Another update on today's storage figures

For your information, storage levels for Mar 8th are well below the rock bottom levels that were hit in April 20th last year when they registered 1281Bcf. Today we sit at 1186!!! This turnaround has happened quickly, (like in the blink of an eye) and it is epic!!!  True, it comes at the tail end of winter where the impact is mitigated but not entirely.  We don’t not know what the final storage number will be, but a satisfactory answer remains but a few weeks away.  


Bullboard Posts