TSXV:ABG.H - Post by User
Post by
geomeanon Apr 23, 2008 12:08pm
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Post# 15000994
News Update Out
News Update OutGood production at 10K+ BOPD in this price environment. Pretty good success rate and flows on new wells. With Production capacity about 13,200 BOPD, 2Q should see a bump with weather constraints gone.
Once Sagak closes [they projected for 2Q], ABG will have around 15,000 BOPD production .
With the proration on 1800 BOPD share on Sagak going back to 1/1/07, a bump in revenues, profits and their cash position would follow.
Excellent metrics.