Thanks swizz, nothing much  we didn’t already know.

The web cast ..


No change in presentation material.  

They said

3 Swan Hill farm in agreements  .

Fracing Swan Hills with acid frac.

Bakken costs are not going down.

Cardium and New Plays area  costs are dropping significantly.

Accelerated infrastructure  will bring break-up  production drop  off down from present 15% to 7-8%.

Expect price fluctuations in 2013,  prices closer to Brent in 2014.


Probably means  less Bakken  drilling  next year.

2013 average  boe/d  will be a little higher  with less drop off due to break-up.