Post by
rockhounddog on Jul 19, 2011 3:42pm
Better than POP ? - Maybe
In a way it could be considered better than PO in that they have producing wells.
• 7 horizontal heavy oil wells drilled to date
• 2010 reserve report, Lloydminster proved plus
probable:
– 691,000 barrels (based on 25 of 30 potential wells) for
section 18 and
– 192,000 barrels (based on 4 of 16 potential wells) for
section 7 to the south
• Water disposal operational, January 2011,
significantly reduces operating costs.