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Bullboard - Stock Discussion Forum Palliser Oil & Gas Corp. PSLRF

"Palliser Oil & Gas Corp is engaged in the exploration, development and production of petroleum including high netback heavy oil in the greater Lloydminster area of Alberta and Saskatchewan."

GREY:PSLRF - Post Discussion

Palliser Oil & Gas Corp. > Second half drilling?
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Post by RzDan on Aug 22, 2013 8:54pm

Second half drilling?

Anyone know how many wells are planned for the remainder of the year?   I didn't see anything in their 2Q report regarding drilling plans or a year end production target and I dont see anything on their August presentation.   A little more info would have been nice.   Thanks.
Comment by Sir_Holler on Aug 23, 2013 1:02pm
Bottom line: Based upon forcasts PXL should exceed guidance. With approximately 40% of budgeted capital expenditures remaining to be spent, the Company is on track to achieve its 2013 production guidance of 2,700 - 2,800 boe/d. With pricing in the second half of the year forecast to be higher than budgeted, the Company will be well positioned with flexibility to deploy any excess funds ...more  
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