RE:RE:Top Well Report - ARX Crushing ItSunrise is a postage stamp, play area 35 sections.
It is full cycle investment, in dry dry gas. Also it is likely not sanctioned anyway.
I really have a hard time with the spend up there when so much 1/2 cycle opportunity exists at Kakwa, and the netbacks on that production are so low in comparision.
Also the addition capital they want to spend at Kakwa a 130 million is going to water handling that they said will save 50 cents a boe and pay back in 3 years. Like watching paint dry with this management team.
What do you think 100 million in just additional wells, 10 more wells producing 2,000 boe/day liquids rich would make a difference.
IMHO