OTCQX:GXOCF - Post by User
Comment by
Poriemonon May 11, 2015 6:05pm
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Post# 23716924
RE:RE:RE:The press again?
RE:RE:RE:The press again? Went through the presentation, took me a while to find it (was digging through the circular trying to find it). It appears that on slide 16 they're showing that on well performance has increased year over year. Then, on slide 20 they show what the model is assuming (which is significantly less than 2014 actuals). In other words, their model is being very conservative.
While going through the circ though, I noticed a couple of things:
-I was wrong about them updating pricing assumptions. They have maintained the december sproule forecast.
-It's my understanding that there are only two parties: DeeThree (granite?) and Boulder. For some reason, the BTPV10 as at Jan 1 2015 (sum of Boulder + DeeThree per Circ) is 830,167m vs 893,933m per the yearend reports. Where did the 63,000m go? Reserves appear to not add up either, although that's only out 224mBOE.