Ann: Montney Test Program Update, page-17

First 17 Last

Share
Profile

Follow
retorn123

1,579 Posts.

300

09/02/23

14:52

Post #: 66160088
Share

Originally posted by retorn123: ↑

which one would you rather have v8?

Vermillion paid about a$510m for about half of the Leucrotta acreage (77k/2=38k acres)
total recoverable oil on the lands (38k acres) retained by Vermillion is about 125MMboe, for their a$510M

Ce1 has about 34k acres with 201MMboe recoverable

with condy prices going thru the roof at cad 115, its all about the liquids...look how much more liquids and condy from ce1 wells
and these ce1 numbers dont include the likey current testing increase in condy numbersVermilion well EUR (estimated ultimate recovery)
669mboe (213 liq, 457 gas) for their oily liquids wells and 1055 (217 liq, 838 gas) for their gassy wells
Year 1 at 384-561 boepd, where liquids are mostly oil and sold at WCS = currently c$60
http://www.leucrotta.ca/wp-content/uploads/2017/05/Leucrotta-corp-presentation-2017.pdf

Calima well EUR
1557mboe (342 liq, 1214 gas) upper montney and 1606mboe (384 liq, 1222 gas) middle montney
Year 1 at 641 boepd, where liquids are mostly condensate and sold at WTI = currently c$115

Expand

heres the maps of estimated ultimate recovery (left) and liquids yield (right)

ce1 top left 34k acres with condy plus potential for plenty more adjacent acres, and vermillion/leucrotta with 38k acres with 41api light oil bottom right (shown as yellow circle)

ce1 lotsa gas and liquids with condy, vet less gas and less liquids with light oil

which would you prefer?

CE1 Price at posting: 14.5¢ Sentiment: Buy Disclosure: Held
8 Upvote

1 Great analysis

Reply

Top Stories

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Making money: How many microcaps should be in an investor's portfolio?

What each US election outcome would mean for Australian companies & investors

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch