GREAT news from Baytex our neighbor in the Peace River Area
I got a report emailed today on one of our producing neighbors:
" In an operations update, Baytex Energy (BTE +1.6%) says it expects average Q2 production of 57.5K-58K boe/day, up 11% Q/Q and up 9% Y/Y; FY 2013 production guidance remains at 56K-58K boe/day. Q2 production from its Peace River properties is estimated at 23K bbl/day, up 22% Q/Q and 19% Y/Y."
Their Peace River production is up 22% Quarter to Quarter and I recall MOST is from COLD-FLOW from the SAME Bluesky Formation WE HAVE ON OUR PROPERTY!!!!!!!!!! The Peace River area is developing very FAST! We are in a great position. LOAD YOUR BOATS as someday soon this is going to sail away. MY OPINION!
Example of what can happen with Strata is DWOG. It's been a dog for years but it got a cash infusion from a French company. I've owned a few shares for a long time and doubled down several months back at .04. DWOG is in the Sawn Lake area of Peace River - so more publicity.