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Bullboard - Stock Discussion Forum Petro One Energy Corp CUDBF

GREY:CUDBF - Post Discussion

Petro One Energy Corp > Bromhead a hit with ARC? :)
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Post by JohnnyQue on Sep 14, 2012 6:52pm

Bromhead a hit with ARC? :)

Boys with ARC know why they farmed in with Petro One. This is DD on their part.

ARC ET AL BROMHEAD 2HZ 2C5-19-2C14-19-3-12     
OIL WELL - DEVELOPMENT WELL 
 
Well ID:  91/14-19-003-12W2/0 
Fluid:  OIL 
Licensee:  ARC RESOURCES LTD. 
License Date:  29-May-2012 
Projected Depth:  1,700.0 m 
Terminating Zone:  FROBISHER

ARC BROMHEAD 2HZ 1A9-25-2D14-30-3-12     
OIL WELL - DEVELOPMENT WELL 
 
Well ID:  91/14-30-003-12W2/0 
Fluid:  OIL 
Licensee:  ARC RESOURCES LTD. 
License Date:  29-May-2012 
Spud Date:  22-Jun-2012 
Projected Depth:  1,700.0 m 
Terminating Zone:  BROMHEAD MIDALE

Comment by poise on Sep 15, 2012 1:51pm
These two ARC wells are not on POP lands.  You wil have to wait much longer(2013) before they spud on POP. In the mean time production is declining rapidly.  
Comment by JohnnyQue on Sep 15, 2012 2:04pm
There was no indication in the post that they were POP lands. . Its meant to demonstrate that ARC is quite aware of the potential in those zones. If they own them or farmed in by someone else is a diffenent ball game. Again geologist  from Maple Creek ....you assume.    
Comment by CONSTRUCTIVE_SUBVERSION on Sep 15, 2012 3:11pm
highly hypothetical on both ends of the spectrum. If they are good targets, money can be raised. That is how I see it.
Comment by november01 on Sep 17, 2012 1:04pm
What production, there is no production. A few barrels per day is nothing. We are years away from production, if any. Why else would the company farm out their properties. If there was oil in those areas they would have drilled themselves. In my opinion, this play is over and our investment(s) are gone for good. I wonder what Alpha Getty thinks about this play. He probably never had a cent ...more  
Comment by CONSTRUCTIVE_SUBVERSION on Sep 17, 2012 2:40pm
So now i have to call the company and go through sedar...  
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