GREY:SOGAF - Post by User
Comment by
Bobwinson Sep 26, 2012 6:21pm
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Post# 20417950
RE: RE: new buyer
RE: RE: new buyer "seasoned" is that polite for OLD? LOL!
I talked with Jim Hodgson this week. He confirmed $15million dollar cost for the Delvina horizontal well. He said they are trying to avoid share dilution and are seeking an alternative to equity financing but it isn't closed yet.
I think the P&L that is due to be filed this week should show improvement from the .07FD eps for the qtr ending 4/30/12. They averaged 1141boepd for that qtr but indicated in May presentation that capacity was over 2000boepd. All the pending work was done by the end of the qtr so I'm expecting 15-1800boepd for the qtr. That should lead to .10 to .12eps FD. That should attract attention.
Not sure what is holding up signing an agreement with the power generation plant. They are trying to restart a plant. Maybe they are waiting for financing or maybe they need the Delvina well to be proven before they can safely restart.