Long Term PotentialIMHO - I like the long term strategy of this company: use low risk production to fuel growth in two ways 1)through expansion of assets in western Canada 2) long term development of a 'high impact' land position in central america.
Am shareholder, continuing to add at these levels. Like that this is a tightly held stock, directors and management (Van Betuw included) have a vested interest in the success of this company:
https://canadianinsider.com/node/7?menu_tickersearch=qxp
Leonard Van Betuw, President and CEO commented, "As we announced in our news release, the acquisitions completed represent the measured execution of Quattro's business plan, a combination of consolidations, remediation and development drilling, within our core area consisting of 190,000 acres."
"The first quarter 2014 is the solidification of our foundation, 6.27 million boe of reserves with a book value of , /bbl for the Company's oil and liquids and per mcf for natural gas. Our low cost production continues to grow as anticipated, with a focus on achieving annualized cash-flow that positions us to grow organically to more than 6,000 boe/d in 2016, through further remediation and development drilling."
"Quattro continues to be pleased with the results of our strategy, through the execution of a diversified, low-risk material growth plan in western , we continue to focus on our commitment to increasing corporate value both in western and ," stated Mr. .
About
("QXP") continues to focus on the conventional exploration and development of oil and natural gas reserves in , with an expanding presence in and BC. Our core low risk production base will provide us the capacity to aggressively pursue a series of high impact exploration and development efforts in Central and . The company intends to balance this portfolio of activities to assure its shareholders that it achieves material growth in both reserves and production.