Traverse Energy Ltd TVETF

TVL: AECO and Duvernay (100,000 net acres)

[stockfy]

AECO has tripled since Q3 and TVL produces more than 50% natural gas. This is why TVL has tied in previously uneconomic natural gas wells, read its past news of the second half of 2018.

Also, TVL owns almost 100,000 net Duvernay acreage. This is net acres, this is not gross.

At a minimum of $500 per acre, TVL can sell it for C$50 million. This is C$50 million, so TVL accumulates a ton of cash and drills its other remaining Mannville acreage in Alberta. Read its presentation, TVL has both Duvernay and Mannville.

See also Transglobe Energy (TGL) or TGA the ticker in the US before it sky rockets too.. 

TGL is dirt cheap trading less than 2 times its annual cash flow, gives dividend, production growth, no debt problems and a lot of FREE CASH FLOW.

[stockfy]

AECO closed at CAD$5.66  yesterday, see psac, which bodes very well for TVL's natural gas production.

[yixter]

Another wildcard is the Chigwell they have been recovering a lot of fluid there used to drill perhaps once that is cleaned up it performs even better. TVL is looking really attractive for those fat cats in the Duvernay area.

[Theconsortman]

I guess. The well had been on consistantly in November (last data I have) at 14 bopd with no water reported. I assume she is making water but who knows. Did they frac with a water based system? The worrying thing about TVLs Devernay positon is that it is at the extreme NE end of the play with most of the decent results 2-3 townships away to the SW. Another wildcard is the AER decision to suspend

[mike49]

Tvl started from existing " pilot holes" .  plug and perf over 44 stages. 257900 bbls water. hard to say what happened with kaboom-boom at vesta. Anybody remembers the comedy of errors with midway a few years back knows how sometimes shite happens. Not to make light of it but maybe just poor execution. Vesta has a week to file completion report with aer. We'll see what gets