RE:RE:RE:RE:RE:RE:RE:Condensate remains at a premium to WTIFair enough, 50% sounds reasonable and lets use that until we know for sure. Then based on Don's projections PIPE would be looking at a potential extra earnings of $17.5 mil combining condensate and gas. Which would be an excellent injection of extra cash for the company to use at it's discretion.
Usual disclaimers of risk of commodity fluctuations applies. Not to mention 3rd party infrastructure availability etc.
Tuco110 wrote: I don't remember where it was mentioned, either in the presentation or the conference call, but management wants to eventually have 50% of all production hedged. I don't know where they are at right now percentage wise.