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Candax Energy Inc CXEYF

Energy Oil & Gas E&P


GREY:CXEYF - Post by User

Candax Energy Inc
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Comment by Resilienceon May 05, 2008 2:31pm
174 Views
Post# 15039018

RE: SEEB - Anchor

RE: SEEB - Anchor

If they pump in over 1500 barrels of oil equivalent in per day and get 1 mln cash flow it is, of some sorts. Because the price sucks.

However since they would otherwise flare it it's a gain. But once they can sell the gas it's a commitment to sell at very low prices - so a negative.

Don't read Blindbat so negatively - he just brings it negatively, he's not wrong. Just brings adifferent view.

Cheers,

R
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