GREY:CRVNF - Post by User
Post by
sjaakon Aug 23, 2005 3:09pm
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Post# 9449894
recent guesswork
recent guessworkI agree that my assumption of 300 boe per well in Pembina is too optomistic. To be conservative lets assume 150 boe per well net for the next 20 net wells in Pembina, that would add 3000 boe to 3100 boe existing production and 1400 boe behind pipe for a total of 7500 boe producing or behind pipe by year end. Depletion should also be taken into account plus wells to be drilled in other areas which may offset any depletion.
That might result in a share price of 8-10 dollars depending on gas prices. The next thought is that if the company reached this target would their share price be subject to a premium if it was anticpated that they could continue with more wells in pembina.
Does anyone know how many locations for drilling are available in Pembina?