RE:RE:RE:RE:Bargain days These guys definitely need to provide clear updates so they would be easier to follow. They were clearly over promoted going into the down turn. Reserve write downs, type curves reduced and spending increased look bad, but I think they are behind us. If they can maintain this drilling pace we will have a wall of cash coming in H2. Q1 will have modest growth picking up after the 8 well pad is on. we already screen as one of the cheapest small caps.
People keep forgetting the first 6 wells are all 50/50 JV's with Orlen that will affect Q1 numbers.
We need a little acquisition to shore things up. Something under 2000 boe - preferably a bit older with lower decline.
YGR is awesome at ARO. Take on some production that has a nasty ARO liability- we have been cleaning that stuff up at 10-25 percent of the booked costs.