Thu, Apr 24, 2014, 2:43 AM EDT - U.S. Markets open in 6 hrs 47 mins

Recent

% | $
Quotes you view appear here for quick access.

Canada Southern Petroleum (CSPLF) Message Board

  • EDDIEMAHONY EDDIEMAHONY Nov 4, 2004 8:06 AM Flag

    DEVON CEO ON CNBC

    DEVON IS ROLLING IN DOUGH!!!!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • High of approximately 7.25 recent and two day low of 6.25. Has this stock seen such gyration in recent past?
      Is there meaning to the 60+ cent sell off? Comments?

    • Sorry I have no current information on the depth of the well.

      Devon did not mention anything about progress at Kotaneelee in their third quarter report and conference call last Thursday. I wasn't expecting that they would, since they drill hundreds of wells each year.

      CSPLF released its third quarter report on November 14 last year. Perhaps at the end of this week or early next week CSPLF will give a brief update on the drilling at Kotaneelee. Sometimes in the quarterly reports CSPLF does refer to progress in specific wells that are being drilled, however they may not give an update on the K well since Devon (not CSPLF) is the operator.

      A Devon representative told me recently that drilling slowed in Canada over the summer because it was very wet and muddy. He said however that the well at Kotaneelee which is farther to the north was spud August 22 and he has not heard of any problems in drilling thus far. Since the well is horizontal it is difficult to know how far they must drill before they reach the Nahanni formation. The Devon rep said that we likely will not get a report on the gas flow until after the well is completed. As you know Devon announced in August that they hope to reach a depth of 16,017 feet within 150 days.

    • Thank You

 

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.