EXPM:EGRGF - Post by User
Post by
Sjakkspillon Feb 18, 2018 7:49am
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Post# 27579805
Debt
DebtSo the stated long term debt after the disposition of Salt Flat is US $38.5 million or roughly CA $48 million. This looks to me that there is enough money held back from the sale to fund an additional 3 wells in North Texas. What the capex and drilling program will be for the remainder of the year remains to be seen as well as year end production guidance. Hopefully there will be some color on this in a month. One thing for sure is that this stock is not correctly priced at 38 cents but which way? Gotta think that, if oil holds at $60 and North Texas pans out, the upside here is tremendous. There has been a couple of articles on Seeking Alpha that are of interest.