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American Eagle Energy Anonim Ortaklik Message Board

  • chiefreservoirengineer chiefreservoirengineer Jul 16, 2013 6:13 PM Flag

    New Permits: Curtis & Laura - Canuck border wells

    AMERICAN EAGLE ENERGY CORPORATION, CURTIS 13-34-164-101, SWSW 34-164N- 101W, DIVIDE CO., 250' FSL AND 1065' FWL, DEVELOPMENT, COLGAN, 'TIGHT HOLE', 2284' GROUND, API #33-023-01081
    AMERICAN EAGLE ENERGY CORPORATION, LAURA 13-34-164-101, SWSW 34-164N- 101W, DIVIDE CO., 250' FSL AND 1165' FWL, DEVELOPMENT, COLGAN, 'TIGHT HOLE', 2285' GROUND, API #33-023-01082

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    • chief you've been a great news resource for a couple of years now, however, when you look into your crystal ball can you come up with progress on these permits, such as spud dates completions and well production

      • 1 Reply to jackcat_evets
      • jackcat

        Just back from vacation as todays great update arrived.

        AMGZ is a money maschine.

        The first year production of the Christianson 3F well, which is a representative AMGZ Spyglass well, reveals payout in about 1 year from initial production. The Bakken well succes is highly promising, and the add of natgas revenue is excelllent. Although the natgas from AMZG wells only is about 10% of total carbons on a BTU basis, the components of ND natural gas, including low-value methane and lucrative butane, a so-called "natural gas liquid" highly prized by chemical makers, are worth roughly $13 per million cubic feet of natural gas before taxes and transportation fees, at current prices.

        It appears AMGZ is ready for raising more money or accelerated drilling (3 rigs) and maybe further acquisition of land.

        AMGZ has applied for pooling in West Spyglass Township 163-16 N 102 W - the Stanley 3F was the first in that section, and was succesful. We are also participating with a minor working interest in some West Spyglass wells in township 162N 102 W drilled and operated by Murex and Mountainview.

        Chief

        $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

 
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