Tuesday, April 20, 2010

The biggest Cardium gusher to date?

DAYLIGHT RESOURCES TRUST PROVIDES OPERATIONAL UPDATE
"The first well drilled in the north Pembina area of Tomahawk came on production during March 2010 at over 2,100 boe per day (100% WI). During its first month of production, this well produced over 31,000 barrels of new oil resulting in an average calendar day producing rate of over 1,000 boe per day. With the recent installation of artificial lift, this well is currently producing in excess of 1,200 boe per day..."


Assuming that the well has a standard length horizontal section(1 000-1 200 metres) that is a truly exceptional well. The pay-out time is less than two months.

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