Subscriber Investment Summit: Vancouver Just returned from this event: Presentation was made by Allen Bey
Here's what I took away from it:
Mantario wells are expected to pay back in 7-8 months and remain at about 80% of IP Rate for up to 4 years. With water-flood, they expect to recover 21% of OIP from these wells.
Cash flow/per share is expected to rise from .17 to .25 for the upcoming quarter
Viking wells have expected payback of just over 1 year, which is much better than I expected.
My feeling from talking with them is that the intent (hope) is to prove up-develop the Viking to the point that a larger entity will want to buy that production. As this is what I posted a couple of days back, this may just be me hearing wht I want to hear!
Will be interesting to hear if dimebag concurs...
cheers