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Bullboard - Stock Discussion Forum Long Run Explor Ltd Ord WFREF

"Long Run Exploration Ltd is engaged in the development, exploration and production of oil and natural gas in western Canada."

GREY:WFREF - Post Discussion

Long Run Explor Ltd Ord > Duvernay Sections
View:
Post by fullyautomatic on Nov 08, 2012 1:43pm

Duvernay Sections

"While many companies have exposure to the Duvernay play as we show in our larger report, we expect that
very quickly increasing and significant capital requirements will force most smaller companies to sell or JV
their lands."

Exhibit 2. Duvernay Land and Activity Summary
Company Sections

Encana 625

CNRL 623
Talisman 563
Longrun 547
Chevron 395
Athabasca 300
Penn West 236
Vermilion 227
Trilogy 200
Petrobakken 190
Celtic 172
Shell 172
Husky 148 
Longview 123
Angle 115
Enerplus 110
ConocoPhillips 94 
Delphi 79
Bonavista 75 
Yangarra 70
Chinook 70
Bellatrix 43
Crew 20
Yoho 18
Source: Company Reports, Bloomberg, TD Securities

LRE has a pile of land.

From what I can tell "they" GO/WFE never have drilled a well on all this property. Why?

J

Comment by JohnJBond on Nov 08, 2012 2:01pm
They havn`t drilled (until now), but they weren`t the first to own the drilling rights............and others have.   The main issue concerns new drilling methods like horrizontal multifracing etc, which were not available to prior drillers.
Comment by bosse on Nov 08, 2012 2:27pm
Thank you for the information. They surely are going to make some drillings in the near future.We will know for sure at the publication of their Q3 financial report which should come soon.
Comment by bosse on Nov 08, 2012 4:41pm
Just to say that Long Run has already cased a well in early september and and are probably making tests now and the result should come soon. They have also 700 nets sections in the Montney where they offer the 5th largest position. So the are very well positioned .    
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