RE:Great future aheadas this relates to the GOR
in the Beach year end, it was just June ... Beach reported 5.2 million barrels of oil off the Western Flank.... almost all that is subject to the GOR.... maybe 5% ain't... just a bit off pel92 and maybe some gas...
no matter...as I said 5.2 million barrels last year.... Beach is predicted that to rise to 7 million barrels... that is big increase! If they outperform, it could be a 50% increase in the oil that we get out 2.% from... so if production and sales go up, our GOR goes up,....
a lot, obvioulsy depends on the oil price, which is offf Brent pricing... expect somewhere in the $65 Cdn Net in the end... if oil goes up 20% in price... well adjust that $65 up... or vise- versa..
what then was a $10 mill payment this last year, could go to 15 mill on higher sales... and maybe a boost in Brent price? if the stars align in the oil market... thw sky is the limit and Beach knows better than I... they want to buy this GOR and Rozier would prefer to collect his fat... FAT... payments from NWX... so sad, pitiful excuse... that is NOT in the best interest of shareholders that you collect that FAT... FAT... payment for simply getting a GOR payment once a qtr! grow the hell up... please act like a grown up... lol