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Bullboard - Stock Discussion Forum Tamarack Valley Energy Ltd T.TVE

Alternate Symbol(s):  TNEYF

Tamarack Valley Energy Ltd. is a Canada-based oil and gas exploration and production company. The Company's asset portfolio is comprised of oil plays in Alberta, including Charlie Lake, Clearwater and several enhanced oil recovery (EOR) opportunities. The Company has an inventory of low-risk, oil development drilling locations. Its Clearwater oil play is located in north-central Alberta. Its... see more

TSX:TVE - Post Discussion

Tamarack Valley Energy Ltd > Cautious model of our 27 year running room
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Post by swale13 on Nov 27, 2022 12:20pm

Cautious model of our 27 year running room

We have 752 sections but lets cut that number down to 135 quality sections, focus on Peavine Charlie Lake and Core Martin Hills
 
Tier1 and Tier 2 wells
Initial assumption 135 sections that will produce at 200 boed for each well leg
 
With 8 leg wells on 50 yard spacing you have 32 1 mile legs per section
 
4 model sections on 200 boed will produce 25,600 boed which covers our decline rate on 70k boed total... to be safe lets add 1 more section
 
Result... we can burn 5 sections a year for 27 years of stay flat production on high quality Tier1 and 2 sections
Comment by wannabebuffet on Nov 28, 2022 6:59am
Well said. No pun intended.
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