BOOOOOOOOOOOOOOMMMMMMMM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!Talk about a canon shot across the bow of the doubters.
I had hoped they would get to 15,000 boed any day now, but to have almost reached 16,000 boed in November, is simply OUTSTANDING!!!!!!!!!!!!!!!!!!!
And the way the news release reads, they AVERAGED 15,700 boed for the whole month !!!!!!!!!!!
The extra cash flow from that production, especially considering the very high prices that condensate has been receiving, will be very welcome indeed. That early production should bring in an extra $20 million or so of additional cash flow.
They already have enough wells drilled to maintain production for all of 2020, and they are drilling more wells right now, so the potential is there for them to exit 2020 at a production rate far higher than I dared contemplate.
Seldom have I been as pleasantly surprised by a company's management as I have been since these new guys took over. Awesome, simply awesome.