GREY:CRVNF - Post by User
Post by
leakeybillon Jan 24, 2006 10:13am
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Post# 10235091
Last Release
Last Release
In Finds last release they said that they will have the gas plant working at capacity in february, if it is working at capacity that will bring their production up to about 6500 boe/day. The management at Find understands the declines in this area and has kept 10-12 mcf in reserve to insure that gas plant runs at capacity, not only that they are drilling an additional 15 wells in the first quater. Once the plant has been in operation for 6 months the production will stablize and the effort to keep the plant running at capacity will diminish. I don't think Find is a pump and dump management group and they have considered this and prepared for the rapid declines and will make this work.