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ARPETROL LTD V.RPT

"ArPetrol Ltd is engaged in the exploration for and development and production of oil & natural gas, and also provides natural gas processing services for third parties in Argentina."


TSXV:RPT - Post by User

Comment by paljoeyon Sep 29, 2014 5:55pm
149 Views
Post# 22980844

RE:RE:$17,000/day .. Net

RE:RE:$17,000/day .. NetSeveral factors should  boost cash flows for Q3.
Production is going to increase by about 15% .
Secondly, they are now using pesos as their operating currency in Argentina.
With continuing depreciation of the peso relative to the US dollar, operating costs will decline.
They get paid in US dollars for their operations .
With the Canadian dollar below 90 cents and forecast to go below 80 cents, there will be a double benefit.
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