GREY:VFGGF - Post by User
Comment by
Iching64on Dec 02, 2013 9:41am
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Post# 21959155
RE:Research Reports
RE:Research ReportsNLR2,
if you go back a few months you will find postings on the last quarter where Canaccord had a report based upon Geoscout data.
So go look at this Geoscout report - I summariazed much of it in postings at that time.
If I remember correctly the basic theme was that PRY was now a long term play as we wait for the waterfloods to slow the decline rates of the wells, increase production per well, and extend the life of each well.
The waterfloods were deemed to be performing, but it was still too early to determine a future trend line.
PRY needs to get their debt under control.
PRY has a huge reserve base, so if the waterfloods do change the production profile, and if they get their debt under control, the they become a "long-term play".
Now, we need to know how the present waterfloods are changing the decline curve, and when they will start to increase the barrels per day production - that is the key point we are at now.
Is there any more recent Geoscout data that can show if these two events will happen over the winter ?