RE: GirouxvilleNo this is just the summary that Breaker did in their last earnings PR.
They have drilled three wells with Guardian and hit all three. First one tested at 500bpd but is operating at severely restricted levels now because they don't have GPP approval and have used up the allowances. So don't get excited. Guardian told us that their net on that first well is around 50bpd now. Second well has water problems and is at 30bpd gross so 15bpd net to GX. Third well is new and producing at high rates that are allowed for new wells but will also run into restrictions if they don't get GPP approval.
All we know is that Guardian is around 650boepd total net production as of the last PR. I would like to know what they are doing with Breaker going forward. Breaker's PR's make it sound like they are going to blast thru these Girouxville well sites pretty fast. Hope Guardian can keep up with them since GX has to come up with 80% of the money to drill each well to get 50-55% WI.
The statement by Guardian that they have 1 million cashflow per month is good. However they sound like they want to develop more than just Girouxville. Which is good because they want to have projects to develop after the sites at Girouxville are done. Guess we just wait for the occasional PR that announces Girouxville results.
Bobwins