Development on its wayI've been listening to Marshall Abott's interviews a couple of times and everyone should do the same here. If I understand correctly, the East Pepper well is currently being tied in. We could hear about new production numbers any day from now. West Pepper is cash flowing $300,000 per month, which cash will be deployed in Columbia.
MA explains pretty well why the focus is beeing put in Columbia: the well that will be drilled first week of March will cost approximately $2.4M while a similar well (10,000 feet deep) would rather cost $10M in Alberta!
RCE 2 sgould as significant number of BOEds as early as first week of April. MA concludes Feb 3rd interview in saying "the Co will be adding production monthly thereafter!
Happy I added more Wednesday and Thursday last week. There is no reason to wait for lower SP; I don't see this happenig with all irons in the fire!
Go Arrow Go!!
Rob