Post by
MyHoneyPot on Sep 30, 2021 7:56pm
Karr Information - Wells Paying Out in 4 months -
Full Disclosure, the board should know i have been a seven generations shareholder since they did that multi billion dollar acquision deal with Paramount in 2016.
A lot of ARX best lands were purchased in that transaction, however Paramount kept a few parcels for itself, Paramounts Karr play is adjacent to the ARC Karr and the economics and production from the wells are very similar.
Being active in this area for many years, so i have come to know the management of Paramount very well, i talk with Jim monthly.
In a discussion with the president of Paramount today, they told me that the last two pads at Paramounts Karr paid out in 4 months. So expect big returns and high payouts from the Karr wells that Arx is currently drilling.
IMHO
I do think ARC will improve costs, and reliability of the assets, and with the acreage and infastructure involved this are early days for Kakwa.
So i am sure there are places you can drill wells cheaper, but the real question is about economics, returns and not money cycling is no longer part of the game.
IMHO
Comment by
Beakr123 on Sep 30, 2021 9:10pm
A quick glance at this I can already see a few lies. Come in MHP, trying to reinvent yourself?