RE:RE:Oil up 6% - Kakwa Flat.How much extra production could they add at Kakwa to fill their current infrastructure?
MyHoneyPot wrote: Kakwa has 3 million invested in it and represent the best Cash Flow per boe and the best net backs in the entire company.
Really shareholders should shuffle over more so that management in the midst of Treaty 8 negociations about energy development projects, can start the process of sinking all future capital into the Attachie sink hole.
I have watched the dismal startup of many of these liquids rich plays, they are expensive, they are over budget, and they do not perform to expectation until a few years of production understanding.
That is the case with Karr, Kakwa, Kaybob, East Duvernay, South Duvernay, etc...
This will never come on as management projects, and not for the costs they project. They are just pushing shareholder returns down the road, and opening up a can of worms with new Treaty 8 issues. Creating a black hole for all future company Capex.
This can all be done, while you sit and watch a billion dollars of already comissioned and operating infastructure at Kakwa rust. This is good management practices.
IMHO