GREY:CEQXF - Post by User
Comment by
jayd54on Sep 03, 2009 1:12pm
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Post# 16275249
RE: oil/gas %
RE: oil/gas %The company's August 18 Press Release indicated that, after the acquisitons, they will be 266 bbls of oil and liquids out of a total BOEPD of 2150, so that calculates to 12%, roughly the same as before the acquisitions.
As well, the same release indicated they were shutting in 150 BOEPD and the figures above already take that into account.
While they have 6000 GJs hedged at $7.50 to the end of March 2010, they would remain somewhat vulnerable to long term gas weakness.