EXPM:EGRGF - Post by User
Comment by
freedom-1970on Mar 13, 2017 7:37pm
195 Views
Post# 25974140
RE:RE:Announcement ...
RE:RE:Announcement ... -
Cut the divy to DOUBLE PRODUCTION ??
smart move.....
We currently project drilling and completion cost increases in the 15% range when compared to 2016; however, even with those cost assumptions, our “quality through choice” drilling portfolio is expected to achieve a rate of return in excess of 30% at $US 50.00 per barrel WTI flat oil pricing. Our robust drilling inventory, coupled with high quality, low decline base assets and new access to capital, should allow us to DOUBLE production and reserves within the next 24 to 36 months.”