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Centaurus Energy Inc V.CTA

Alternate Symbol(s):  CTARF

Centaurus Energy Inc. is a Canada-based company. The Company is focused on managing the future proceeds from the Overriding Royalty Interest payable by Pan American Energy, (the PAE ORRI), which may include investment in new endeavors and/or capital returns.


TSXV:CTA - Post by User

Post by MaglanCapitalon Jan 31, 2019 1:50pm
216 Views
Post# 29302428

Recap NY Investor Day

Recap NY Investor DayYesterday, the management of Madalena Energy (MVN; MDNLF) met with investors in New York. The presentation will be on the company's websit soon I believe but for now I posted it on the FB page. See presentation here: https://www.facebook.com/groups/1570162963237126/permalink/2099910180262399/ Some of the highlights included: Target of 50% production growth per year, for the forthcoming 5 years (4k boe/d YE19 20k boe/d avg 2023) Profitability (per barrel) has improved materially and will continue to improve (G&A reduction, ARS peso devaluation, corp tax reduction) Currently, production is heavily oil-weighted; uncertainty regarding natural-gas subsidies does not materially affect Madalena Forthcoming (Q1) catalysts include: Spudding and drilling 4 wells in CASE (Vaca Muerta oil; with JV partner, Pan-American Energy (BP); fully-funded; 35 yr concession), and related P30 results (presentation pp 15-18) Drilling a natural gas well-well in CAN (conventional natural-gas; Lotena formation; $3-4mm cost (presentation p. 20) Workovers (conventional oil) in the North (Surubi, Palmar Largo) for additional ~500 boe/d (presentation p. 21) JV discussions relating to Curamhuele (presentation p. 19). Massive resource. Immediately adjacent to Chevron El Trapial ($200mm CapEx committed) Progress with respect to Argentina stock listing (BYMA) Potential conventional asset purchases (increasing production) Feb 15- FY2019 production guidance, capital budget and work plan Feb 28- YE18 reserves update
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