''So if they are at the exploration stage now, they'll do extremely well to get 0.50 cents per bbl for the results of two wells in an unproven shale vapour project.''
I think we now have the nub of the debate.
They have no intent at stopping at 2 drills to delineate the field, the initial suggestion was 8 wells minimum and that was before the acres increased.
Unproven to Proven takes this up from .50cents pb
''Stratospheric costs and paths to commercialization.''
The capex and opex costs have been included in the initial P50 BE $39pb. Yes, costs can and will vary over time. We have not yet had an official up date.
The proximity to the Dalton, Franklin buffs all year round gravel pad, with service trail from the pad , 12 miles to Pump 2. Way cheaper to pipe and transport from site to TAPS than many others.
Only time will tell as first IW2 has to be engineered to deliver a commercial flow rate, if possible.
I also believe that comparing costs to lower 48 shale fields is not going to be a direct comparison. The Vapour Phase is designed to stimulate conventional like flow rates, the reduction in costs then perhaps become more apparent?.
Very happy to discuss well presented and thought out contrarian views with any poster
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