OTCQX:GXOCF - Post by User
Comment by
larsen6on Dec 18, 2013 12:36pm
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Post# 22018634
RE:2014 Guidance and New Belly River well results
RE:2014 Guidance and New Belly River well resultsSo let's say that DTX exits 2013 at 11,000 boepd, and exits 2014 at 13,500 boepd.
They spend $230M to gain 2,500 boepd in 2014. This equates to $92,000/flowing boepd.
Now this looks pretty horrible, but consider the number of wells they are drilling in 2014. Is it realistic that they will only exit at 13,500 boepd?
I think not. Assuming their production is not throttled by pipeline or railcar shortage, their exit wil be much higher. How much higher is our guess to make.