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Cuervo Resources Inc CRVNF

"Cuervo Resources Inc is an exploration stage company. The Company is in the business of acquiring, exploring for and developing mineral properties in Perú."


GREY:CRVNF - Post by User

Comment by beckalodeonon Jan 24, 2006 10:42am
292 Views
Post# 10226276

RE: Last Release

RE: Last ReleaseExactly. --------- In Finds last release they said that they will have the gas plant working at capacity in february, if it is working at capacity that will bring their production up to about 6500 boe/day. The management at Find understands the declines in this area and has kept 10-12 mcf in reserve to insure that gas plant runs at capacity, not only that they are drilling an additional 15 wells in the first quater. Once the plant has been in operation for 6 months the production will stablize and the effort to keep the plant running at capacity will diminish. I don't think Find is a pump and dump management group and they have considered this and prepared for the rapid declines and will make this work.
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