GREY:SGLRF - Post Discussion
Post by
shambano1 on May 23, 2014 9:09am
Glauc well test of 1000 boe/d
| Right now Cessford Glauc well test is going to be very important to SGL. They the results will be out late in q2 so does this mean end of june or any time from now to end of June. |
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| Initial test rate was an amzaing 1,000 boe/d but we were warned not to expect this high a production rate which makes perfect sense but even 200 boe/d is a very good well. |
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| SGL is showing 2 Glauconite Locations on their map for 2014 of which they drilled the first. |
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| SGL is also indicating 60 – 100 net well locations in southern Alberta and I'm not sure how many are Glauc or Pekisko but that means lots of running room in this area. |
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| so this development be it pekisko and or glauc could be become a very profitbale play for SGL and CF generator for the next 5-10 years depending on how many wells they will,drill every year. |
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most analysts were focused on our operating issues in q1 most of which I believe have been fixed but nobody is talking about this oil potential in sourthern Alberta.
maybe I'm playing it up too much but if the produciton numbers are high, it will mean a big growth play for Spyglass and maybe will help protect our dividend.
I'm long and biased so DYODD
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