re: Ann: TSV: Update on Sale of Duvernay and ...
Hi Dave
Thanks for that
No did not ask about timelines this time, was just looking for reassurance that all was well which was confidently given.
It was clear that that it was just a matter of working through the current issues and all would be good in the end.
Hard not to be a bit excited about near term prospects.
$1million from CPO. $3million for Provost.
Then we will have 2 vertical and 3 Horizontal wells drilled by year end.
2014 could see 10 plus free carry wells from CPO and whatever development drilling Blackswan implement which given the Talisman result could get very exciting.
The nice thing is, we should be able to debt fund our portion of the wider development drilling as we will have a significant number of flowing wells to leverage off by the time that is needed.
Was reviewing the old BMO drillbits documents the other night and its very interesting that MKE owns land within just a few section of the two best performing liquids wells ever drilled in the Duvernay apart from the one drilled by encana up at Kaybob.
In addition Black Swan have also either bought our land down at Rimbey next to the Talisman well or/and they have taken the land immediately west of the historic well up at Pembina were we have the land east of it.
MKE Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held
