RE:RE:What Did They Say?We know what they expect to cash flow based on the budget. You need to look at how much capex is required to realize the NPV of the reserves. They don't have the capital. For example, the report calls for in 2019 $46.9 million for proven reserves and $47.8 million for probable. In 2020 it's even higher: $81.6 million for proven and $111.5 million for probable. Meanwhile at these oil-gas prices they can't make any dent against their debt load, so they're at the mercy of the lender. That's why they have to hedge aggressively. Not being able to pay off even a fraction of the debt is worrying, isn't it?
Pacman101 wrote:
This market is Crazy
6,650 BOE/d say approx 350.000 USD $ pr day sales
Lets say a year is only 350 days = is roughly 122.500.000 USD $ sales a year
(Just pretend it's all oil)
And the company is valued at approx. 35 Mill CAD $ Thats 26,3 Mill USD $
...... ?
I know theres some debt.... but there is also $$$$ in the ground tooo !