TSXV:CVI.P - Post by User
Comment by
easyoilon May 09, 2014 3:59am
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Post# 22542283
RE:nice to see medco discussing block 9 plans with govt
RE:nice to see medco discussing block 9 plans with govtIt seems like Medco is still relatively happy with the investment in Block 9 even thou the production has not ramped up as expected. They paid $90m for the stake and they have already got back $26m in cash flow after taxes and investments. The company has stated that they would like to be operator in more blocks in the future, so I guess it’s not impossible that they could be interested in Calvalley stake in the block in the future.