GREY:DTEYF - Post by User
Comment by
RTWODTWOon Jul 25, 2014 10:36am
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Post# 22781795
RE:ok?
RE:ok?thedave2006 wrote: Given the better than expected results from recent work at Flood and Retlaw, combined with the remaining expenditures planned under the 2014 capital budget, Canamax is raising its targeted December 31, 2014 production exit rate to be in the range of 1,500 - 1,600 boe/d - an increase from the original target of 1,400 - 1,500 boe/d. "We have exceeded expectations in the optimization and development of our Flood and Retlaw properties" commented CEO Brad Gabel. "We continue to focus on building out our core areas through property and corporate acquisitions at attractive financial metrics with the objective of building high working interest, contiguous land positions with significant development potential".
The bold is ok.
Credit facility is good too if you use it wisely. So far they have shown how to use every penny in an effecive manner.