Northern Spirit Resources Inc. Rights V.NS

RE:RE:RE:ATU: The first debt in Q3 & significant dilution is coming

[Caslan888]

The water cuts don't really matter, as they have pipelines to their disposal well. The separation will happen at the wellsite, so the input/cash is minimal vs trying to truck everything. These new wells are also longer than the previous ones, so that will translate into more cashflow. The presentation shows 150 targets for Leduc alone, at 2 mill a well - that's a lot of capital and infrastructure. My uneducated guess would be that they drill all over their holdings, prove it up and sell it.