TSX:NBZ - Post Discussion
Post by
TonyDj on Sep 17, 2016 10:19pm
Here You Go and Thank me.
In terms of mid-cycle breakeven economics Norther Blizzard may have one of the best field portfolios out of any Canadian oil sand production company (Graph #2). Furthermore its focus assets which represents 55 % of the company´s current production can bolster an impressive full-cycle return potential even at sub USD 40 WTI prices (Graph #3). These assets alone are expected to double the company´s production from 20k boe/d to 40k boe/d within the next 5 - 6 years. In other words one may consider Northern Blizzard to be a growth case in the mid- to long-term, even at lower than expected oil prices Northern Blizzard says it has 153 million barrels of proved and probable reserves on the books and 2,000 drilling locations in front of it. There is a huge opportunity ahead to unlock as much of it as possible, and to do so into higher oil prices.
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