GREY:VFGGF - Post by User
Comment by
terroiron May 26, 2013 2:17pm
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Post# 21443169
RE: RE: RE: RE: 15 bopd wells and worse.
RE: RE: RE: RE: 15 bopd wells and worse. I see the difference in well count now, I had about 8 of the drilled wells not tied in, so my count was about 58...as you say better for averages.
I wonder if PRY has the wherewithall to fully exploit the potentials, or will they have to throttle back to a cash flow management level that has them spending all they make in ongoing field development and leaving nothing for growth.
Given that equity raises at these stock price levels are ineffective, it may take a JV partner to generate the incremental production needed to raise cashflow metrics from present levels.
Time will tell.
Terr