RE:RE:RE:RE:RE:MyhoneypotTwist is however you want these are the facts, i am not looking for importance here.
[url=https://money.tmx.com/en/quote/VII:LQN/news/8588212618864977]Vii Generations 2020 Budget[/url]
VII Generations 2019 Budget So in both these years they forecast produciton volumes over around 205,000 boe a day. On a capex spend of over a billion dollars. So they are starving Kakwa of capital so they can pursue, unknow, high risk, properties with treaty 8 issues and pursuing full cycle economics.
The wells have gotten a lot cheaper, we will see if ARC management really has any idea of what they are doing.
There is a history of spending more capital on Kakwa, and this measy spend will blow up in managements face.
They are pursuing the same objectives as VII Generations, but they are going to spend half the capital, good luck, i don't believe it for one second.
IMHO