Thanks for following up and keeping us all in the loop....

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mikesz

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20/02/20

09:24

Post #: 43037680
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Originally posted by saltbus: ↑

I did ask Messina about the Kingia etc some time ago, he said that they are way too deep. It does line up with that deep gas pathway, I may ask on Monday because I’m a bit vague now why it was no good.

Warro would be so expensive because it would take so many wells. These new deep gas finds flow so well that a small number of wells is all that is needed.

I would just like to see continuous drilling at Wizard Lake and WBE become a real powerhouse.

If we could get production up to 3,000 bopd, even at $50 US we would be making a lot of money and the share price would be much higher.

Rather unique situation for WBE to be about the only Oil and Gas Company in Alberta debtfree and making money. All due to Wizard Lake wells being oil dominant with good flow rates.

Though we are still waiting to see how good the oil production will be. I was getting a bit concerned with six weeks into production in the new facilities and we were still under 500 bopd. 1.220 bopd is a much more positive story.

The quicker new wells are put into production the higher our daily tally will be. If the decline is 50% in the first year and somewhat slower from then on maybe we get to 3,000 bopd by Rex 8.

Keen to know if we are making any money out of the gas as well. I’ll have to take a list of questions for the meeting.

Anyone have questions that you think should be asked post them on HC and I will finally start making a list.

Today the buy side was larger than the sell side, first time since the oil price collapse. I think we will do a little bounce shortly as .9 cents is really silly price.

Expect we have have a new daily bopd number on Monday, first question I will ask.

“Hi David, how you been, how much oil did we produce yesterday.”

Won’t do the subtle stuff. I’m expecting somewhere between 1,300 and 1,400. The water production will be interesting, I expect that will be down abit.

Hey it’s interesting times already.

Second question is when does Rex 3 spud. I think there will be a Monday morning announcement with both the updated bopd and that Rex 3 has spudded.

Cheers all.

Saltbus

We had a little storm today, thunder, lightning and not much rain. But of course no electricity. And we still have a coal fired electricity plant. Cold dinner tonight.

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Thanks for following up and keeping us all in the loop. it's very much appreciated.

I was wondering if you could ask about the water content please and if they are worried about it? I seem to recall someone here made a mention that this could prove a challenge to increasing oil production.

Also, what are they seeing in terms of he oil industry in Alberta and oil prices? Are there any local industry impediments that would cause WBE to risks or delays to getting Wizard Lake fully producing?

Thanks again
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