RE:RE:RE:A theory re YGR true or not ?I agree with you fully.
And in page 2 of YGR presentation they make a very good point in saying "water injection hits rarely occur".
Any of us can see in 30 mins using Petro Ninja even, that some Cardium players in Pembina are hitting water in some new wells, like 60 to 80 percent water cut very fast....like the odd well is doing this.
One of the problems with water is the oil rate decreases over time and water amount doesnt usually.
Having to deal with water is an expense YGR doesnt have to deal with, wouldnt make sense to change the strat. now on land to pursue.
YGR has been expanding in Ferrier area, which Chambers is so close too because returns are better.
I am optimistic about YGRs future as well.