Bonavista Energy Corp BNPUF

RE: RE: Pretty bad QTR.

[tesh]

Would have to think so. I notice that they also advised that they have hedged 55% of 2013 natural gas production between $2.76 and $3.18 despite current price being over $3.60.

Another question I have is why do they expect average production for 2013 to be between 72,500 and 74,500 boe/day when they are currently producing at 74,000 boe per day and forecast drilling between 125 and 135 new wells in 2013?

Would have to think that 4th qtr will better if they maintain the 74,000 boe per day at today's prices (with whatever impact their hedges have).