RE:Ramman, Re: the land saleHi Ferg!
I think the land sale data just further illustrates that Dawso/Doe is an extremely desireable area within one of the best liquids rich gas plays in North America. I don't want to clutter up the BIR board by talking up my book, but LXE is a prime takeover candidate because of this.
Birchcliff's land base is superb and management (while conservative) is doing a solid job of executing their gameplan; I still can't believe how little they paid for Gordondale and how transformative an acquisition it was. The path to 120k boe/day is clearly defined and acheivable with cash flow at current pricing. That said, IMHO, the seeds for higher pricing have been sown - the underinvestment in exploration and development over the last 2 years will inevitably make it so.
Reserves report and ops update on Feb 8th should be interesting.