TSXV:CART.H - Post by User
Comment by
Bobwinson Dec 11, 2017 6:51pm
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Post# 27134071
RE:RE:RE:Whoever is selling today & this week is going to be sorry.
RE:RE:RE:Whoever is selling today & this week is going to be sorry.Unfortunately they have already told us that NRU will be delayed until Q2 and if history is any guide, I wouldn't count on early Q2.
Production will continue to dwindle for another 6 months, at least. Then there will be a small bump to maybe 1100boepd, if we are lucky.
Our big hope is that our partner in U wants to be aggressive and drills more than one well in 2018 but they won't be big ones. sounds like 1mmcfpd type wells. So it's going to take several at 50% to boost production in a meaningful way.
Our best hope is that AFTER the NRU is operational, CUB drills in the 100% RK field. I don't know if there are high probability targets in that field. Never seen anything from Cub about future prospects for drilling RK.