LKO 0.00% $1.00 lakes blue energy nl

Let's hope so Foresight. IMHO We need much higher rates to be...

  1. 2,568 Posts.
    Let's hope so Foresight. IMHO We need much higher rates to be considered commercial.

    It's interesting to see that in LKO's IIR presentation the tight gas example that they use starts at 8mmcfd. The chart on p28 of tight gas example showing the dramatic decrease in production after the first 18 months 8mmcfd to 2mmcfd. Then to 1mmcfd within the first 10 years. Wonder how common this is? Is it a reasonable benchmark?

    Also worth looking at the following link

    http://www.prymeoilandgas.com/downloads/media/PrymeTightGasArticleFINAL_May25_06.pdf

    However, what attracts me is that in addition to this there is oil...and all prospects are 100% LKO!
 
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