Post by
Bennys65 on Jan 20, 2023 9:16am
hwx
As you know I am big on waterflood.HWX seeing the results of tve has said they believe that they have the same rock as tve and are starting a waterflood in the top of west martin hills.What is new in their recent presentation is they are going to do a new pilot in the middle of west martin hills where they have been getting great results.Takeaway hwx is bullish on their waterflood potential.When we first bought exploration land the presentation showed a diagram outlining the edges of greater peavine potential for clearwater,Lot of land ,lot of players.Recent diagram shows the sweet spot in green for clearwater potential.Needless to see all our land purchases fall within the sweetspot and the same for tve.Lastly.Company annouced a credit line for 100 mil with no immediate plans.This is with us having over a 100 mil in the bank and no debt.Clearly they have somthing planned and time will tell.
Comment by
powerlunchmoney on Jan 20, 2023 3:24pm
Hopefully they are able to pick up some crownland on the cheap (I see a lot of unclaimed land there) or a smaller private.
Comment by
Bennys65 on Jan 21, 2023 10:21am
Speaking of Woodcote.They just licened a well south of us at utikima..They have 7 sections.TVE to the left and right and bottem.Hwx at the top.If they are successfull they play will really open up.Woodcote will become a target.
Comment by
powerlunchmoney on Jan 21, 2023 4:13pm
Seems like there is still some prime unclaimed land there in the middle of Peavine and Nipisi, maybe its private, maybe its not productive ground, or maybe im missing something. Probably the latter!
Comment by
Bennys65 on Jan 21, 2023 4:59pm
Not sure.But using hwx diagram they outline the choice sports in greater peavine and the whitespots dont fall within it.I know the clearwater is very variable and changes quickly.My guess not great land or the metis are not ready to do a deal.