PMT presentation in september 20162016 Top four strategic priorities Strategic priorities focus our activities
1. Reduce debt & restore cash flow
2. Grow value & scope of Greater Edson liquids-rich gas
3. Maximize value potential of Eastern Alberta assets
4. Advance high impact opportunities
from this list the way I see it, they have accomplished 1 to 3.
Net debt is very low and manageable and possible more asset sales to pay off completely.
east edson is ready to expand aggressively with infrastructure in place to 75 mmcf/d processing plant and possible expansion to 90 mmcf/d in 2017 if NG prices co-operate.
east shallow gas assets have been sold and and high property tax rates will no longer drain CF and if NG prices go higher, then PMT will still be making free CF without spending a pennym for another 2 years.
so now we are left with advance high impact opportunities.
so listed Waskahigan as high impact because of the high oil content in the play.
so maybe waiiting on sale or possible JV on this property.
I half expected Tourmaline to JV the columbia property but maybe that's not happenning any day soon.
so I expect more news before the end of the year and q3 is around nove 10 and there maybe a few surprises in this release, most to do with EOR and free cashflow with higher NG prices.
agian DYODD