OTCPK:VGIPF - Post by User
Comment by
Wallys_Worldon Dec 19, 2012 11:10pm
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Post# 20753835
RE: RE: Exit Production Rate
RE: RE: Exit Production Rate On May 14th they announced an increase to the 2012 exit guidance to betweeen 5200 and 5400. Average for 3rd quarter was on 3923 boe/d. They would need quite a spike in the 4th quarter production to get to the 2012 average guidance of 4350 to 4450 boe/d and to the exit guidance of 5200 to 5400.
Raises the questions, are the decline rates higher than was expected...Are drilling costs going up, so they have burnt there capital development budget quicker...or is it simply a matter of the restrictions in shipping their oil due to pipeline capacity constraints.
I haven't really been able to figure out which one it is...any theories?
Wally