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NORTHERN BLIZZARD RESOURCES INC T.NBZ

"Northern Blizzard Resources Inc is engaged in the exploration, acquisition, development and production of petroleum and natural gas reserves in western Canada."


TSX:NBZ - Post by User

Post by TonyDjon Sep 21, 2016 2:39pm
211 Views
Post# 25261890

$45 WTI is the new $60

$45 WTI is the new $60NBZ will become more efficient. 50 % Hedges in place next year at $ 50 WTI- $66 CDN . At this $45 WTI level we are at $60 CDN with conversion. The weaker CDN dollar is a gift to CDN E&P's and NBZ with no debt due till the end of 2021 is looking good for 2017. Oil production increase should follow with 12 wells 2K increase 24 wells 4K, 36wells 6k and 40 wells 7 to 8K increase add that to existing 18K and we have over 20K to 25K production. Also the company has $30 mill. in cash and 0 short term debt.
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