Bearcat (BEA-C) & Stampede (STF-C) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Bearcat (BEA-C) & Stampede (STF-C)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bearcatbob who wrote (1364)	8/21/1998 11:16:00 PM
From: teevee	Read Replies (2) of 2306

Hi, I read the BKR release. A 3mmcf/d well in the foothills is barely economic. Not counting 'tie in costs', and assuming a dollar a thousand net, and assuming wells are ~$3mm Canadian to drill and complete, this well is at least a three payout. Seeing how the juniors are carried on an after payout basis, it could be awhile before they see any decent revenue from here. A 20 mmcf/d gas well would be alot better(lets hope they get one on their next well). However, maybe some renewed drilling activity, and hopefully higher gas and oil prices, will generate some market interest and higher share prices with some liquidity. regards, teevee

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next