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Thursday, December 15, 2011

December Petrobakken Presentation

New presentation now up

http://www.scribd.com/doc/75771191/PBN-2011-12-14-corp-pres

Good news in that they are willing to disclose the identification of 100 drilling locations in the new light oil plays (the mysterious 120,000 acres in the Duvernay, Swan Hills, Nordegg, Montney)

That is with only 3 test wells drilled, so they liked what they saw.  That drilling location number will grow to be sure.

Also a slide detailing decline rates, hopefully the market can start to understand the business model of a company focused exclusively on resource plays with little legacy production

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