Current production Looking forward to finding out how the winter drilling went in the next report.
the March presentation shows completions starting in late February and production finally ramping over 14,000 boe day again in April then it increases again late in Q4. Nice to see a comprehensive plan laid out.
Thinking with the latest opec cuts that WTI will average around 80.00 for the first half of 2023 and 90.00 for the last half to average 85.00 for the year - if so FCF should be well over 100 million.
18 million is budgeted for the term loan, with 35 million in extra drilling that leaves 50 million or so for the divvy. About 6 months later than expected but starting it at 1.00 per share late in the year gives them more than 12 months of dividend coverage in Advance. They show it on the presentation as a negative balance.
with a relatively flat drilling program into next year that should add 30-40 million in cashflow growth for 24.
looks like a great year ahead.