Post by
Bennys65 on Nov 14, 2023 6:22am
West Martin Hills
Desjardins just reported that in this area with new discoverys hwx feels they have over 1 billion barrels of recoverable oil.That is on primary production.Go to waterflood and that number jumps to 2 billion.Big number.With 50dollar netbacks that is a lot of cash coming at you.They also mentioned that we could see a div raise in the dec guidance.That suprized me as we have increased cap ex two times in 2023 but will be happy if it happens.
Comment by
Foggie2021 on Nov 14, 2023 9:05am
Wow Benny. I can do that arithmetic. 2 billion times 50 is 100 billion dollars. Spraed that out over 20? years and that's 5 billion a year.........Mind Boggling.......think we're sitting on a liquid gold mine.
Comment by
SeargentPepper on Nov 14, 2023 2:52pm
I wonder if Desjardins could be confusing oil in place and recoverable. Big numbers either way.
Comment by
Bennys65 on Nov 14, 2023 3:20pm
They called it recoverable resouce..No mention of waterflood so that is primary production.