Free Cash Flow Last Quarter was $243,000This is just awsome. Also now with the production cuts in place, small companies like Wescan can increase their market share. Anyone producing over 10,000 barrels had to cut 8.7%.
With this posted free cash flow 100% of debt could be paid off in less than a year. Also nat gas prices have increased which is also benificial.
New horizontal wells in this region have produce up to 400 barrels a day... would be great to see a drilling program in the near future. The service companies are hurting quite a bit right now.