OTCQX:GXOCF - Post by User
Comment by
jerrybeon Jan 14, 2015 10:46am
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Post# 23317823
RE:DeeThree sets capital budget at $160-million for 2015
RE:DeeThree sets capital budget at $160-million for 2015The operational update was as good as it gets in the current pricing environment.
Very prudent management. 93% of the capex directed to drilling and completions. EOR efforts are expanding hence lower capital requirements to maintain production levels.
Some hedging in place. No doubt, it is going to be a tough year ahead but Deethree will survive this. The quality of their assets will come through. GLTA!