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Message: Turner Valley Weekend Tidbits

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Turner Valley Weekend Tidbits

posted on Aug 21, 09 09:44PM

There will be more details released next week in a news release about the Turner Valley suspended well but thought I would put forward a few tidbits for some weekend thought.

Apparently this well started it’s life as a 400-600 bpd well of an API gravity of 42 which generally speaking, oil with an API gravity between 40 and 45 commands the highest prices. I asked what are the the best guess expectations when the necessary work to bring it back online would be. The best guess estimate at this time was about 150 bbls/d again of a 42 API gravity but that value could slide from anywhere from 80-400 bpd.

Quote from Mr. Dame:

“Anyone selling at this price is nuts”

What could he possibly know?

rich47

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