Introducing the CVI - Punch Card Portfolio Newsletter

I write a weekly investment newsletter. This newsletter involves the development of a focused portfolio of undervalued securities. The subscription price is $10 per month (cancel any time). Every investment idea I recommend will be one I purchase for my own portfolio. If you have questions prior to subscribing shoot me an e-mail (Swizzledxxx@gmail.com)

Please note I'm running a low-tech operation and that the newsletter is sent by me via e-mail. There will be a delay between when you pay and when you receive your first e-mail (usually a couple of hours).

Subscribe to CVI - Punch Card Portfolio Newsletter

Tuesday, February 15, 2011

Petrobakken Montney and Horn River - Over 1TCF of recoverable Natural Gas

Number crunching based on the numbers in this article:

http://www.energytodaymagazine.com/index.php?option=com_content&view=article&id=7066:petrobakken-advanced-drilling&catid=146:exploration-processing&Itemid=189

Montney

Sections 17
BCF per section 40,000,000,000
Recoverable 30%
Recoverable per section 12,000,000,000
Total recoverable gas - Montney 204,000,000,000

Horn River
Sections 97
BCF per section 40,000,000,000
Recoverable 30%
Recoverable per section 12,000,000,000
Total recoverable gas - Horn River 1,164,000,000,000

Looks like they could have over 1TCF of recoverable gas here.  So many variables at this point though.  The old rule of thumb was that 1TCF was worth $1 billion.  That would be about $5 of value on PBN's 187 million shares.

More work needed.
Posted by Devon Shire at 6:15 AM
Labels:

2 comments:

  1. Look at what China paid/offered to Encana. 5.2 billion US at $4 an MCF.

    Now China is perhaps just dumping their stash of US dollars in exchange for raw materials - I think they are - but none the less it is a lot of cash and could do us POBN/PBG holders well if we can find a place to put it to work.

    ReplyDelete

  2. off topic and NSFW, but I thought of your blog as soon as I saw it

    http://paul.kedrosky.com/archives/2011/02/saskatchewan_is.html

    ReplyDelete

Subscribe to: Post Comments (Atom)