RE:RE:RE:RE:RE:RE:RE:No Support You do not understand this company Kav. Most of your questions are adressed in any of the videos on the PNE website. The business strategy is different from any other junior.
drilling is 4th or 5th on the priority list. It is only done when the economics are extremely compelling and when there is a strategic reason for it - ie gas in toilet, quick add oil. They grow by acquisition and maintain production by drilling. When balance sheet, debt or commodity prices dictate they cut drilling quickly because the DECLINE RATE IS SO LOW THEY DONT HAVE TO DRILL.
They might workover, optimize, swab out or maintain but drilling can wait. It is a positive not a negative in this case.
Until you understand that is PNE's business strategy your comments will never be relevant.
YGR 96 million in cardium drilling in 2023 plus
BNE 91 million in cardium drilling in 2023 plus facilities, land, ARO, montney etc.
PNE 17.5 million total capex budget for Western Canada in 2024.