GREY:VFGGF - Post by User
Post by
splurgeon Mar 12, 2013 11:23am
148 Views
Post# 21116042
Waterflood 2014
Waterflood 2014 Consider this possibility. Late 2014 up to 80% of current rates of production could come from waterflood with a 5% decline! 42 wells maybe at 100 b/d guestimate or 4200 b/d. You have to be a pretty irrational disgruntled shareholder to sell at these levels as this company will be totally transformed by late 2014. And all for as little $42 million of their $136 mln cap ex this year. Next year nothing on those wells just watch the pressure grow.
cheers