RE:Any Concerns???Everything is pretty much as I expected for Q4.
The Cardium drilling is turning out to be a superb move with each well averaging about 460 boepd of 30 day IP
The intent to drill a much longer horizontal Cardium , if it is successful, could see much higher production at lower unit costs and earlier Payback.
Its highly probable that an additional 2-3 wells could be added later this year, given much higher oil prices in Q1.
As it stands, AXL should exit 2014 at about 3500 boepd which could be up to 4500 boepd should they add another couple of wells