Conversation with Ian Habke President and CFO
Had an excellent conversation with Ian Habke, President and CFO of ArPetrol yesterday. As he is an officer he couldn't go into a great deal of detail but my impression was that the company is truly building momentum to exploit existing low risk assets, work to develop joint ventures on their higher cost of drilling properties and an eye to expand and optimize the existing gas plant. A smart and measured plan that will, in my humble opinion, allow them to grow low risk production without any dilution and potentially get the big wells drilled on a joint venture basis, again, allowing them to work within the company's cashflow and as they own the land, get a good sized piece of the pie without spending huge capital. All very positive and in Ian's words "ArPetrol is a lot easier place to be today than a year ago." Excited to be in this one .. All the best to longs! Doc.