CE1 0.00% 0.9¢ calima energy limited

Just looking over- Montney testing results .. I can see why the...

  1. 12,881 Posts.
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    Just looking over- Montney testing results .. I can see why the project didn't have a future in the present O&G marketplace with an oversupply of light oils/Nat Gas in USA (why they export so much of it and import heavier crude oils) ..

    the Montney results showed a very much Nat Gas with some Gas Liquids upper+middle -8.3mmcf/d with liquids 417bbl/d
    this was from two

    Now the Blackspur projects are quite different with a mix of heavier oil + lighter oil + gas

    around 2500bb/d mostly Oil + smaller part Gas Liquids (profitable)

    8mmcf/d Nat gas (break even)

    How was the Montney even seen as a great project ?

    worth a watch-- breaks down the uses of the Lighter to Heavier oils..

 
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