Charles Taylor Group Plc V.MQL

RE:Oil @ 66 bucks ,ummm MQX @ .06 WHAT!

[jayd54]

Important to keep in mind that MQX production is over 50% natural gas. While prices are in the proverbial toilet for natural gas (AECO @$2.20/mcf), MQX will be relying heavily on the hedges they have in place on 15,000 GJ/D (source: current corporate presentation). And of that, 9,000 GJ/D of hedges expire between March 31 and December 31, 2018. And also keep in mind that the oil production at Michichi is more in tune with WCS than WTI/Edmonton light prices. MQX will not see any joy until the albatross term loan and warrant deal (you know, Thompson's parting gift to the shareholders) expires, gets paid out or otherwise disappears.