GREY:CHTYF - Post by User
Post by
nlr2on Aug 22, 2013 7:35pm
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Post# 21691181
Q2
Q2 Very encouraging quarter I would say. I love the low decline nature of the assets, makes things easier.Hopefully the asset sales can offset a significant portion of the drilling programs cost so they can focus on getting the debt down. I'm guessing cashflow by Q4 would be about 5.5 million so if debt doesnt blow up then by 2014 they could be in the range of 2 times debt to cashflow, a bit higher I guess which is far far better then now. Quite pleased with the progress so far.