RE:Interesting play no doubtDruchii wrote: This company appears to have no debt, that true?
Production seems to have little gas...at oil $65, net backs at $20?
Also seems huge growth is coming via reactivations. Is current bpd 85?
I think debt is around 1million which financing it is like 50k so not a big deal. Recently they did private placement of which insiders picked up about 30% of shares. I have no idea what the production is but I expect it to grow to over 200 based on how the asset performed in the past. Private placement was for 7.5cent with 10 cent warrant. I think the company was running pretty cheap in the downturn but they should have pretty good growth with oil around 90 cad. Also very little gas all light/medium crude.