And so, that we think is going to be the most capital efficient way to develop this area. The results we are getting and they are worth repeating because they are significant. The first well 1,900 boe a day, plus 85% liquid, it’s also the IP90. So, that well is hanging in there. The first pad that we fracked, the two best wells are averaging 1,600 boe a day. And then as the second pad that we fracked at only 15 days production, we are over 1,000 boe a day, 80% liquid — liquid is already in, and so, obviously very excited about that area, recall that 300 locations of the 600 locations that we identified in the acquisition are in this Gold Creek West area. Less than 20% are booked. And also recall the type well — the booked type well is only 1,000 boe a day IP30 like less than 60% liquid.
So, obviously we are really excited about this area. I think it’s kind of upside. And like I said, with only a couple months operating so far, we’ve already seen well cost past to get to sub-9 million. And we will continue doing that as we trial different drilling techniques, different bid technology as we continue to drill here. So, obviously really excited about that area and what it could do in our five and 10-year plans.
Shant Madian: Thanks, Ryan. Another question just going back on the M&A team, you guys have clearly grown in the Montney and Duvernay. You’ve defined your sandbox. Is there more opportunities still do on the conventional oil side of the business back in Saskatchewan?
Craig Bryksa: Yes, I think. I mean like anything we’ll always look at opportunities that are in front of us. And you never know what’s put in front of you. And we certainly will do our homework and look at it. I’ll just double back to what I was saying earlier that we have done a lot of work strategically as we reposition the company here over the last five years. And extremely excited about where we are at now. And the pairing of the two North American premier resource plays with the Saskatchewan water floods, it’s got us extremely excited, especially when you think of the balance within the portfolio. So, certainly we will look at doing it. I would say again I am going to double back to earlier, don’t expect us to go outside our sandboxes.
Our sandboxes are extremely well-defined, and we will see again how it plays out here over the next 12, 24, 36 months on those things. But very contend with where we are today. And feel really good about not only the five years in our five-year plan, but the next 10 years. And how that looks for Crescent Point and what that means for everybody; our shareholders, our employees, our staff. There is a lot of excitement now around this table. So, feeling really good about where we are.
Shant Madian: Thanks, Craig.
Craig Bryksa: This time, there are no additional questions from those listening online or on the phone lines as well. So, thanks everyone for joining our call today, and if you have any follow-up questions that weren’t answered, please call our Investor Relations team at your convenience. Thanks, everyone.
Operator: Crescent Point’s Investor Relations department can be reached at 1-855-767-6923. Thank you, and have a good day.
