Sunday, July 31, 2011

Murphyn ABB-kommentteja

T-skripti:
In Southern Alberta, our actual Bakken appraisal program continues, with 4 wells drilled and the fifth expected to spud shortly. Two wells are now producing in line with expectations, a third well is under evaluation and the fourth well is awaiting completion. For us, certainly, identification of the sweet spots, where we can expect a tight well to produce 200 barrels of oil a day with an EUR [ph] somewhere in the 200,000 to 250,000 barrels is key, and our program is focused to that end. We now plan to drill up to 8 wells this year.


Q&A:
Evan Calio - Morgan Stanley

There's been a lot of activity also with the juniors in Canada and kind of unnamed major partners. Any comments on how your footprint or attractiveness of terms you're seeing for land positions kind of in and around your Exshaw/Upper Bakken stuff?

David Wood


I would say, as far as the Exshaw goes, I'm reasonably pleased at the very beginning of a play. I don't think we know where the sweet spots are yet. Hence we've stepped up our program this year from 6 wells to 8 wells. We've got a couple of wells that kind of fit what we thought they should be. We've got one well that we're looking at. We've got another well to bring on, and we got a drill [ph] in another part of our acreage footprint that we don't know anything about yet. So early days, some encouragement. We clearly need to get our cost down. I would still pick up acreage up there, but I think we need to get a little technically smarter to understand where the sweet spots are going to be.


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