TSXV:CLAS.H - Post by User
Post by
horizontalfracon Feb 27, 2013 11:50am
238 Views
Post# 21048839
new arrangment
new arrangmentIf i am reading this right I like what i see. Two wells to be drilled for 9.6 mil projected ( cheap shallower wells) divide 2 = 4.8 mil with 2 mil payed it looks like a good way to derisk this play a bit at the expence of 10% returns . A good move for smq in a troubled market. Well done managment, altough needs work on pr skills you would think they could relate to shareholders frustration as some of them are in @ 90 cents. And now about block 21, its surrounded by producing wells guachiria 1000 plus bpd ( ajacent) and three other wells 300 to 600 bpd within 15 kms glta>