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Carcetti Capital Corp V.CART.H

Alternate Symbol(s):  TPNEF

Carcetti Capital Corp. is a Canada-based company. The Company is focused on seeking a new business opportunity.


TSXV:CART.H - Post by User

Bullboard Posts
Comment by Bobwinson Jan 15, 2017 11:50pm
189 Views
Post# 25711310

RE:Chen Lin has been right so far

RE:Chen Lin has been right so farYou are right about most things but production was definitely higher before.  So it's hard to compare today's market cap with several years ago.  Need to show increased production, which is going to take some time because Cub has been very careful about using JV partners to spend most of the money for drilling.  So they are not in direct control of the timing and number of wells drilled.  The lower royalty rate should encourage more driling by partners and Cub may take more risk by drilling on their 100% owned land by themselves but no concrete plans yet.  

Slovak partner appears to be anxious to drill but need seismic first and I don't think the wells are expected to be that big.  The new acreage they were recently granted sure sounds good with 21,000 boepd test results in 1990 but we'll have to see if they get JV partners to drill or if Cub drills it themselves.  

Obviously all their current production comes from KUB-GAS and they have the finances to drill quicker and more wells.  Hopefully they will announce their plans and we can get an idea of when to expect more production from KUB.v.  
Bullboard Posts