GREY:VFGGF - Post by User
Comment by
nlr2on Oct 23, 2013 3:50am
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Post# 21839882
RE:RE:RE:Presentation
RE:RE:RE:PresentationI saw the thing he posted from the Cannacord's Morning Coffee report. So 1000 BOE/D from waterflood at year end exit is encouraging. The first Evi waterflood would be the only one that would have hit the one year mark for injection at which production plateaus. So that number should continue to increase throughtout Q1-Q3. If there capital plan mimics this years revised figure then they will have 15 wells to drill throughout the year and 4 new waterfloods to bring online. Be interesting to see if all 7 waterfloods are tracking along with the first Evi flood or if there is variation across the play. If the waterflood increases can offset the lionshare of the declines on non supported production then they could modestly increase production year over year while getting the debt down.
Still a long term turnaround play however, and a major show me story.