@peasoup_93 Imagine instead of a small seam of bitumen it was a pool of injection fluid leaking from a busted flexpipe on a Prospera Luseland lease they aren’t paying the landowner for 😍
@peasoup_93 Also where in Canada would you be at the foot of mountains and have seeping bitumen? Just embarrassing ball knowledge of WCSB migration here. Maybe if the tag said Wyoming or Utah Cowboy.
As a bleeding heart value investor, I have no option but to lift the offer here.
Feels equivalent to buying some dogshit Midwest manufacturing business below land cost. Though at least when this thesis inevitably goes wrong I have a pretty picture.
@peasoup_93 Imagine instead of a small seam of bitumen it was a pool of injection fluid leaking from a busted flexpipe on a Prospera Luseland lease they aren’t paying the landowner for 😍
My four kids are all adults now and doing well. They talk about their jobs, houses, trips, and lives like it just happened.
I don’t need constant thanks. But sometimes when I hear them brag, I remember the years of overtime, tight budgets, missed trips to Mexico, and weekends spent fixing things instead of using them.
They don’t fully see it yet. Most kids don’t until they have their own. That’s fine. The work was still worth doing.
But fuck. A little humility would go a long way.
DEVELOPING: Coelacanth has licensed a Banff well at Elmworth. They will be drilling a ~12,800' TVD well to target the Lower Banff shale. Encana/Ovintiv tried this in the oil window to the east, and have since sold the asset to a company called Rush Resources (interestingly, they reactivated the little stubby Banff well this fall and it produced at 77 Bbls/d oil CD rate...). But back to Coelancath, this area is SOLIDLY in the dry gas window with a ~1.7% vitrinite reflectance I can't imagine, that despite there being good thickness and porosity, that the CGR would be above ~10-15 Bbls/MMcf. Which would be tough economics for full development at these depths and pressures. Even if the well flowed ~10-15 MMcf/d (which I'm sure it could) that's a ~250 Bbls/d well at best, and they have licensed it at a gnarly 621 mol/kmol H2S...
NOTABLE: This comes at the same time that Coelacanth has reduced their oil production guidance from their Two Rivers Montney by 75% concurrent with the release of a new corporate presentation that frames their BC Montney as more of a NAV/reserve prize over short-term growth.
"Commit to clean up wells"
😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂
With what money? The $25,000 cash on hand?
Or was that all spent sponsoring the Vancouver Halloween douchebag party? Or buying seniors steaks in hoping to grift them out of their retirement accounts.
🚨🚨🚨
Prospera Energy has been ordered by the Saskatchewan Energy Regulator to shutdown and suspend all operations.
Hearts Hill = shut down by Nov 29
Luseland = shut down by Dec 29
All other wells = shut down down by Jan 28
@Prospera_Energy@WhiteTundraSG@ChrisLudtke
They were pretty much trying to continually raise money doing “workovers” while highlighting single well results while production declined all while not paying vendors/trying to settle in stock. Share count went up 1,000% over a few years if they closed their most recent offering. Mixed in with a little related party dealings and some minor fraud and there just was nothing good going on at the company.
🚨🚨🚨
Prospera Energy has been ordered by the Saskatchewan Energy Regulator to shutdown and suspend all operations.
Hearts Hill = shut down by Nov 29
Luseland = shut down by Dec 29
All other wells = shut down down by Jan 28
@Prospera_Energy@WhiteTundraSG@ChrisLudtke
🚨🚨🚨
Prospera Energy has been ordered by the Saskatchewan Energy Regulator to shutdown and suspend all operations.
Hearts Hill = shut down by Nov 29
Luseland = shut down by Dec 29
All other wells = shut down down by Jan 28
@Prospera_Energy@WhiteTundraSG@ChrisLudtke
@jackson_buckle Dawg, where are they going to get non-firm sour processing with plantgate sulphur custody and downstream transport, in the Grande Prairie area?
I think my favourite Fotis quote is from P&Co when the moderator asks him about return of capital and he fires off in his godly Greek accent -- "Spartan Delta story is very simple as you know, we keep Deep Basin flat, maybe declining it. we decide to not put wells on production. We built new core area in the Duvernay, most exciting area with catalysts in next few quarters, as you know we find the asset, we grow the asset, we make outsized returns, OK, our asset is very thick, like Kaybob oil window, and we have 7 townships, and we just pay for pads"
In Budget 2026, we’re backing the Canadian artists who tell our stories.
That means if you’re a Canadian artist, you won’t pay tax on up to $45,000 of income derived from your creative work.