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Pengrowth Energy Corporation Message Board

  • gitreelonce gitreelonce Dec 28, 2012 2:01 PM Flag

    Lindberg not expected to ramp up until 2015


    There is more (or less) to PGH, than just nat gas prices.
    One is, in their latest quarterly report, they said some wells were down due to longer than expected maintanance, so production levels were dropped a bit.
    Another is Lindberg isn't expected to ramp up above 2,500 bod until 2015, according to their own website. The largest push is expected to be 32,500 bod, but not until 2018. 2018 . thats a long way off.
    And they will spend 60 million to get it.
    But, Lindberg will be big. PGH's share of weyburn was 2,500. Lindberg will be 15 times that.
    PGH's current oil production was 94,284 as of the end of sept 2012. That included NAL. So lindberg will be increasing production about 30%. THATS BIG. But what will oil be ? But what will NAt gas be ? and will lindberg continue to be on time and budget ? 5 years is a long time. Its a lifetime in the world of stock.

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