RE:RE:RE:RE:Best of times, worst of times Thx Kavern, I read your previous post and considered the possibility but for two reasons I interpret it differently
- In the 2018 reserve report they state 151 M as capex, which the MD&A clearly shows includes land as well. Therefore I believe 121 also includes the land. It would not make sense to exclude land purchases from the capex budget, it is an allocation of capital along the lines of wells or facilities.
- Most of the Q4 elements that go into the CF calculation are known, such as prices and production. Most of the unknown have little variation from Q to Q. I initially had 22 M before I adjusted a few factors to fit the change in net debt
It is hard to tell how they book capex when it goes over the quarters, it might as well have been 3-4 drills and 2-3 completions.