Bowood Energy Inc V.BWD

omg. all the sudden so many basher

[jdgreat1]

you think they are stupid enough to stage more land adjacent to the well by knowing the well is not economical?
fxxxk, there is no way after the experimental well and by knowing it is going to to be a dud and on the hand stage more land?
you guys just fxxking nuts,,,,
I just had 4 shot straight of JD :)

[nlr2]

Bowoods costs are only 2 million due to the farm out agreement. Plus they get 50 percent of the production so the money should be back in the till fairly soon.

[nlr2]

The crazy thing is LEG has kicked out at least 24 million so far. Spring Coulee, Kipp and the equalization payment. Plus whatever extra land and seismic they have paid for. I think if the wells continue to be 200 BOPD then LEG will drop us or if the wells continue at 10 million. Odds are costs will get down once we quit all the science, Argosy says six million a hole. Even six seems high to me

[waffenss]

nlr2 I believe you are the only one, other than myself, capable of common logic here, your statement makes complete sense. When Puss starts to really heat up the pump it is usually bad news for the stock....ole Boob forgot to point that obvious note out. Quite concerning seeing all the big volumes last few days....makes one wonder if some didn't know the $ metrics before the common folk

[nlr2]

I disagree about the volume I think its been good. It hasn't come with any price drops just increases. All that it will take is one bit of good news to give us a pop. The well costs caught me off guard because it was in the Q and A portion of the webcast at the very end. I would think that Legacy would have tipped off most institutional followers that things were pricey. They must see

[waffenss]

Good points nlr2 basically sideways last 3 days but look at the increased volume since the 11th...something in the works...PricesDateOpenHighLowCloseVolumeAdj Close*Oct 25, 20110.270.270.250.252,461,7000.25Oct 24, 20110.240.270.240.261,774,7000.26Oct 21, 20110.270.270.240.245,451,7000.24Oct 20, 20110.290.290.250.25671,1000.25Oct 19, 20110.240.280.240.26636,4000.26Oct 18, 20110.240.250.230.24776

[nlr2]

My friend has Level 2 and he told me Cannacord has been the largest seller the last few weeks. I thought the increased volume was from leaks about a very successful Spring Coulee well but that didnt happen. I think volume is up and will remain up because we finally have a bit of news flow going forward. Spring Co results, presentation today, Q3's for Leg and BWD 15 or 30 day production history

[waffenss]

Good points all lad. The BB bands are tightening on the daily as you state but widening on the weekly. I don't have a good feeling after listening twice to Robert speak. Something does not seem right...the well costs way over the top from what I was led to believe....I just don't see where this can be economical at those prices vs flows. Legacy can back out at some point I believe, I

[poise]

The $10 million is quite high and am surprised as well.  For that price you can drill 7 Bakken horizontals($1.4 million each) in SE Sask and each producing 200 BOPD. Thats 1400 BOPD. BWD's share of first well is 100 BOPD and that is worth $10 million today.  I believe the second will be a boomer and prove to be a high pressure "sweet spot".Poise 

[nlr2]

Very true they can back out after two. Haha I'm sure I'll be able to see the flares from Saskatoon, but there wont be any gas so we won't need to flare. Haha. About the BB bands I'm not a technical guy I was just relaying my friends opinion. So your guess is as good as mine. Ya the presentation was good I too felt like he was holding back. I would imagine with info being so scarce

[sureshotz]

Apparently intelligence and any sort of business sense skipped this board (or entire generation). I would spend $20 million per well to prove up/ unlock a couple billion dollar resource. Second, the Bakken is one piece of the pie......Dont quit your day jobs knuckle draggers.

[waffenss]

nlr2 I was just pointing out the daily and weekly charts can show differences no harm meant to you.  Anyway agree with you....one concern is that Legacy was voted some award oil company of the year I believe in 2010 or 11 and with the way this well seemed to go that concerns me...as you said Yanko is a smart fella....perhaps it is just the new area....but at 10 large per well and Bowoods

[nlr2]

Haha nice Sureshotz killing it, I thought we were having a nice conversation. in 24 months I think things will be proved up and we will be good to go, as far as having tested all formations out. The future is bi laterals and multiple producing horizons, much like Sask and ND so I agree with you. Honestly though having to hammer out 20 million dollar wells would seriously handicap the full cycle

[nlr2]

No thats fine Waffen, its not my area of interest so I appreciate the feedback. Ya the conference from London I believe? Its a video? Or did I miss one? He killed it in that one agreed, that was early days and everyone was in love with the SAB now not so much. If there is a play to be had BWD will be in the heart of it. Which is reassuring. Honestly I think after these first two 10 million dollar

[waffenss]

Good stuff nlr2 gave me a good chuckle at the end...flair from China. Will be interesting the next while....from the lack of price moving up before news...I had a pretty strong feeling it would not be great. Time will tell.