RE: This is more like it ?Shotski,
For a company who claims their focus is on light oil, the report is not that great.
They drilled 17 cardium wells in 2010 and took oil production from 280 to 949 bbl/d. Not the kind of results you would have hoped for with the investment made. Certainly not nearly as productive as BXE has been with their Cardium drilling.
These guys seem to be much better with NG than they are with Oil.
They say they are going to act prudently with their 2011 capital budgeting. Lets hope so, we dont need another 2009 debt crunch.
VRO also seems to have fallen off the map in terms of investor interest and take over talk.