RE:RE:RE:RE:RE:Two new wells IP30 854 BOED - see presentation
I agree that the debenture issue in the minds of some is a limiting factor. But I think their goal is to getting to 6000 boed, and then they can easily roll over this debt, or a new issue that rolls it over. I was surprised to see two well average over 800 Boed on their IP30, and I don't know if this includes the 3000 metre horizontal or not. we know there has been a huge ramp up of production forecast in the third quarter, and I think we beat than number when the results are out. I was shocked at how good a deal this financing was ... totally shocked. Its a game change. To give up 500 boe of shallow gas, when they can drill one well for 2.5m and replace that ... with 35m is a real game changer. With over 200m in tax pools left, this will become a takeout target for a Crescent point who needs tax pools to keep paying the dividend. The is will be the best year in the history of this version of Anderson. 5 dollars no, but 50-70c is possible. I think we also get a 1 for 4 rollback.