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Primary Petroleum Corporation Message Board

  • ny86metsfan ny86metsfan Jul 14, 2011 9:56 AM Flag

    Earnings dates to watch

    These are some of the earnings dates to watch for updates on Alberta Bakken

    Newfield (NFX)- July 21
    Stone (SGY) - August 2
    FX (FXEN) - August 9
    Rosetta (ROSE) - August 9
    Quicksilver (KWK) - August 9
    American Eagle (AMZG) - August 12
    Mountainview (MVW) - August 15

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    • From Rosetta earnings:

      "During the first half of 2011, Rosetta comleted eight vertical delineation wells on its approximately 300,000 net-acre position in northwest Montana. In total, eleven delineation wells have now been tested. All have encountered oil from multiple reservoirs that produced varying quantities of oil and gas. The vertical delineation wells span a wide area and test results have varied. Based on this variability, some areas of the play will have a higher chance of commerciality than others. While not all vertical testing is complete, production from testing only the Bakken reservoir resulted in an average seven-day rate from all well tests of 22 BOPD and associated gas from these single stage vertical completions."

      "Expanded Southern Alberta Basin horizontal drilling program - Rosetta initiated a three-well horizontal drilling program during the second quarter of 2011 that will continue to test the commerciality of the play. The first horizontal well was spud in the second quarter and drilling operations are now underway on the second and third wells. Rosetta plans to expand the horizontal program to include an additional four wells to be drilled by year end."

    • Would be finally nice to get a PR from us, related to our company...A JV partner, land update...something would be good. Either way I get my hopes up when I see an e-mail from Primary lol

    • Newfield (NFX)earnings came out after the close July 20. From Newfield second quarter results

      "Southern Alberta basin - To date, Newfield has drilled seven vertical wells and has completed and placed on production two horizontal wells. Fracture stimulation services are in the region today executing on a program to stimulate and test multiple geologic horizons in up to four of the vertical wells. All of the wells to date have encountered oil. Newfield has approximately 320,000 net acres in the play, located in Glacier County, Montana."

      • 2 Replies to ny86metsfan
      • From Lee Boothby(CEO) on Newfield 2nd conference call on Southern Alberta Basin

        "In the Southern Alberta Basin we've continued to grow our acreage position over the course of the last 18 months. We announced some 320,000 net acres that we have today. We drilled the vertical wells that we told you that we were going to drill. We've got a couple of horizontal wells that we've completed. We're going into a vertical testing program right now, frankly that's part of our assessment program. The only thing that's held us back there, and I'd say we're a few months behind of the original schedule that we talked about is just getting services and equipment into the region because that's a service and equipment poor area. And anything within 150, 200 miles of the Williston Basin, hears the giant sucking sound of the Williston Basin gravity - gravitational pull.
        So, we've got the time there to actually take our time. We're going to test these wells in the third quarter and we recognize that you guys are waiting to hear some information. When we get it packaged up, we'll tell you what we think. But we're excited about what we've seen in terms of oil potential. And we're excited about what we continue to hear with respect to offset operators in the area."

      • That's a 40,000 acre increase in their land position up there over the last quarter.

 
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