InvestorsHub Logo
Followers 104
Posts 16749
Boards Moderated 3
Alias Born 12/07/2005

Re: None

Tuesday, 04/22/2014 8:02:43 PM

Tuesday, April 22, 2014 8:02:43 PM

Post# of 2595
Did everybody notice the following in the update?
"SAGD Project - Phase 2 Outlook

After the initial Phase 1 production tests and depending on the results using SAGD technology, the operator of the SAGD project will proceed with Phase 2 of the project. This second phase is anticipated to include the drilling of two additional SAGD well pairs and the associated expansion of the current SAGD steam facility."

The second two well pairs should not take nearly as long or be nearly as expensive as most of the infrastructure will not have to be duplicated and they will probably be drilled from the existing pad.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.