ARx low performers in Management, not qualified Attachie will not be 40,000 boe a day, that is the theoretical production design, of the project. It will likely produce less than 30,000 boe is my guess especially as the liquid’s ratio deplete on the wells and they become for Gassy. It only has 15,000 boe a day of gas production and liquids production will not stay above 50% it will decline dramatically.
Paramount
Karr Gas Plant Spec (Actually produces 40,000 boe day) Well 54% Liquids/87% Liquids is condensate
CALGARY, ALBERTA – August 6, 2020 – CSV Midstream Solutions Corp. (“CSV Midstream”) is pleased to announce the completed expansion of its Karr 6-18 Sour Natural Gas Processing Plant (“Karr”), acquired from Paramount Resources Ltd. in 2019. Karr now has 150 million cubic feet per day of total raw sour gas handling capacity, including 70 MMcf/d of sour raw gas processing, 30,000 Bbl/d of raw hydrocarbon liquids handling capacity, 2,200 Bbl/d of natural gas liquids recovery, and 28,000 Bbl/d of water handling capacity. CSV Midstream completed the construction program with excellent performance in the areas of safety, environment, cost and schedule while concurrently operating the adjacent facility at a reliability level of more than 99%. Start-up of the Karr expansion ...
Kakwa has 1010 MMcf of gas plant and only produces 180,000 boe/day.
PIPE DREAM
To think Attachie will produce 40,000 boe a day, is a pipe dream with a 90 MMcf plant and 20,000 boe of condensate handline. It will be more like 28-30,000 boe day.
Attachie will not be 40,000 boe a day, that is the theoretical production design, of the project. It will likely produce less than 30,000 boe is my guess especially as the liquid’s ratio deplete on the wells and they become for Gassy. It only has 15,000 boe a day of gas production and liquids production will not stay above 50% it will decline dramatically.
Karr Gas Plant Spec (Actually produces 40,000 boe day) Well 54% Liquids/87% Liquids is condensate
CALGARY, ALBERTA – August 6, 2020 – CSV Midstream Solutions Corp. (“CSV Midstream”) is pleased to announce the completed expansion of its Karr 6-18 Sour Natural Gas Processing Plant (“Karr”), acquired from Paramount Resources Ltd. in 2019. Karr now has 150 million cubic feet per day of total raw sour gas handling capacity, including 70 MMcf/d of sour raw gas processing, 30,000 Bbl/d of raw hydrocarbon liquids handling capacity, 2,200 Bbl/d of natural gas liquids recovery, and 28,000 Bbl/d of water handling capacity. CSV Midstream completed the construction program with excellent performance in the areas of safety, environment, cost and schedule while concurrently operating the adjacent facility at a reliability level of more than 99%. Start-up of the Karr expansion ...
Kakwa has 1010 MMcf of gas plant and only produces 180,000 boe/day.
PIPE DREAM
To think Attachie will produce 40,000 boe a day, is a pipe dream with a 90 MMcf plant and 20,000 boe of condensate handline. It will be more like 28-30,000 boe day.
DISMAL SHARE PRICE
Management is not equiped to run a public company, you put an operations guy who has barely every bought a share in ARC out of his own pocket, pair him up with an accountant they has no experience, and have been in place for a year. These guy are not capable to management a company worth 10 billion dollars, develop a strategy for share holders, plan returns on investment, see value creation, not creating a black hole for invesmtne like Attachie. They are incompetant, and this ATTACHIE is risk mitigation what a joke, not capatializing on Kakwa. Also they have failed to get the market excited about them buy the kakwa asset. Integration will take them 10 years the way they work.
Arx is managed by low performers.
IMHO