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News Focus
Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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Quattro Exploration and Production Ltd QEXXF

Energy Oil & Gas E&P
Quattro Exploration and Production Ltd are principally engaged in the business of exploration and development of oil and natural gas reserves in Western Canada and Central America.


GREY:QEXXF - Post by User

Quattro Exploration and Production Ltd > birth of an oil company
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Comment by rknigh2on May 01, 2014 9:09am
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Post# 22511435

RE:RE:RE:RE:RE:RE:RE:RE:RE:birth of an oil company

RE:RE:RE:RE:RE:RE:RE:RE:RE:birth of an oil company
The production from the properties is quickly making the liabilitiies easy to absorb.

Production just shy of 1100 boepd at the year end and considering the production is now close to ~2000 boepd (2500 June target) , Q1 should already see the red disappear from the bottom line as the admin costs are diluted.

Also the huge difference between 2013 and 2014 is gas prices are up 20% on average (and trending higher) - which is huge for their netbacks (75% of production was gas in 2013).

The plan to drill 9 wells in H2 is also comfortably within the current cash flow which is great to see - they're not overreaching.

Overall a very promising report and looking forward to the Q1 production results.




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Dealroom for high-potential pre-IPO opportunities