GREY:CAZFF - Post by User
Comment by
Deadcowon Oct 31, 2014 12:58pm
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Post# 23082365
RE:RE:RE:Monthly numbers: Yup, Texas is still crude king
RE:RE:RE:Monthly numbers: Yup, Texas is still crude kingHi Buyvalue,
Congrats on your retirement and hope you enjoy your free time.
I found out about Caza through Value Diggers article on seeking alpha.
i bought all my quantity in th open market. 1/3 London & 2/3 Toronto.
my average in London is approx 19.5 pence and my average in Canada is approx 0.34 cents
So unfortunately Im loosing money. IMHO the coming few months will be very critical & interesting for Caza. We have multiple wells coming up & if we can get some success and manage to increase production nicely we should be protected from the negative Oil price decrease. I see a lot of people in London including Malcohm Graham are focusing on the 2000 BOEPD target. I honestly don't see that matters, what matters IMO is continued growth. So hopefully we reach 2k boepd by Q1 2015 and hopefully we get close to 3k by year end 2015.
if so, the SP has a nice long way to go, even at $80 oil !!
Cheers & GLTA
Deadcow