RE:RE:RE:RE:RE:ENERCOM PRESENTATION IS A PART OF BAYTEX AUG PRESENTATIONHi JD !!
Agreed !
They surely base their investment decision to buy these locations between 2004 to 2018 for not only for a better view of the forest !!! ;)
See below an abstract of this news from the sasktoday.ca in june 2018
https://www.sasktoday.ca/south/local-news/raging-river-exploration-to-merge-with-baytex-energy-4121667
Peace River The Peace River region, located in northwest Alberta, has been a core asset for Baytex since operations commenced in the area in 2004. Through innovative multi-lateral horizontal drilling and production techniques, Baytex’s Peace River properties generate strong capital efficiencies. Baytex’s recent northern Seal well (13-leg multi-lateral) generated a 30-day initial production rate of 900 boepd (facility constrained); a total of 10 wells are anticipated to be drilled in the area in 2018. Production averaged 16,500 boepd (90 per cent heavy oil) in Q1/2018. Baytex has a dominant land position of 725 net sections and an inventory of approximately 350 drilling locations that generate 50 per cent to 75 per cent IRRs at a WTI price of US$65/bbl. Baytex expects to have two rigs running in the second half of the year as it continues to build operational momentum heading into 2019.
This area will see an increased two-rig drilling program through 2019.
As you can see, all that was postponed to 2022 !!! Here we are now ! Just in time for the Show !!!