GREY:QEXXF - Post by User
Comment by
elgaveenoon Dec 02, 2014 6:39pm
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Post# 23187964
RE:RE:RE:This stock hit almost .90 a few months ago
RE:RE:RE:This stock hit almost .90 a few months ago
It says that they expect to put another couple of hundred remediation boe/d on before the end of the year. Where? They did not say that the 1,000 boe/d that they are missing from their guidance was going to come from 8 heavy oil wells "delayed until Q1". They are not even licensed yet and might account for 80 bopd total. What they did say is that they have dug though the cardboard boxes they bought and have identified opportunity to add the 1000 by the end of 2015. How much are F&D costs for 1,000 boe/d of production? $25M? $50M? more? Where they gonna get dat $? I imagine that the real story will be that they hanker down, do nothing, suck the thing dry, and pray they find someone to take the liability off their hands. Felice Navidad.