RE:RE:RE:RE:Presentation300-350 12 months out is very doable.
They will hold long enough lol that we all will be long gone...8 plus years for sure.
quote=kavern23]It's a really good production profile on those bluesky wells...and I think mainly due to the wells not needing to be fracked, Fracked wells front load so much in first 3 months (usually).
I am not suprised they hit 500 boe as drilling technology has improved so much since the last time we went into Prop. And Obe has a very good drilling team, they are out performing in the Cardium so they should so the same in bluesky and clearwater.
Very confident in OBE's technical team ability to hit in nicely in Clearwater.
Nice thing with Bluesky's is eventually when they decline to 160-260 barrels of oil per day and they sit at that for years...they don't go to 20-30 like a cardium will.
Prop should be over 8000 BOE with steady drilling coming.
Prop is too good of an asset to sell imo. I wouldnt consider selling it.
A better question to ask people that think Prop should be sold is look at the opportunities out there?
Prop was like a mini lottery that fell back into the lap.
JohnJBond wrote:
K, what does the production profile for these 500 boe heavy oil wells look like?
For ages (I want to say years), I think they've spent almost nothing on PROP drilling, and production seems to have been fairly steady.
Until recently, PROP was like the ugly sister that you tried not to look at.
If one of these wells cleans up at 500 boe, what is that expected to look like a year later? Are these 10 year wells?
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