CIBC Popowich: Really Dryhole Cost? If you have a look at the Seeking A transcript of the conference call held yesterday, we need some better comprehensive coverage from the analyst. Here are the questions asked by Popowich.........
FEC & OYL is really not well covered by the analyst. I am shocked that these boys don't do their homework.
it is just a matter of time before this story gets out and then ALL of the Analyst will flock on future calls to start to really understand what is at play here being "a once and a lifetime opportunity"
Frontera Energy Corporation's (FECCF) CEO Richard Herbert on Q4 2020 Results - Earnings Call Transcript
https://seekingalpha.com/article/4411458-frontera-energy-corporations-feccf-ceo-richard-herbert-on-q4-2020-results-earnings-call
Good luck to all of the longs.
WindyHill
David Popowich
All right. Thank you for that. And just as a follow up question to the previous analysts, I was also wondering about the buyback and how you guys plan to implement that this year. I mean, you guys have essentially outlined a cash flow budget. So this execution of the NCIB, is that contingent on higher oil prices and cash flow? Do you fully intend to buy back, the full 10% of the float? How will you guys be approaching that over the course of 2021?
David Popowich
All right. Thank you. And last question for me, just on the guidance for capital spending this year. So you’ve outlined a range of $40 million to $90 million for the Kawa exploration well. I guess, I was just kind of wondering why that’s such a wide range and could you talk about whether that’s a dry hole costs, I mean, does that include testing? And also how does the infrastructure spending progress in tandem with the drilling costs? I mean, is the infrastructure expense contingent on success or how is that working?