RE:oh forgot... move into OIL play!I don't get it Wild, a few weeks back this is almost exactly what I proposed, I stated that the market isn't valuing their dry gas in the way that the liquids rich producers are getting the attention / funds.
You criticised me for this, yet now you're agreeing that they need to ramp their Oil/Liquids.
Let's just agree, to agree and show each other and all respect on these forums for their insight & contributions.
AAV has options, great assets.. but I agree, now is the time to update the street on a better plan.. their message has been lost - " a dry gasser when gas prices haven't materialized".
Wildcattter wrote: aav are prepared to throttle between liquids and gas? they state
How can there be a better time to pivot? oil is thru the friggin roof last few months.. If ya cannot do well, gggg, at US$70.. or whatever Brent is..
I say NOW, they have to make that strategic move of capex from the Glacier, to Progess.. hell ya... this is exactly what they mention they are prepared to do if pricing swings in support of liquids ... guess what?? IT HAS !!!!
so I propose.. the first $50M goes into PROGRESS.. put the plant together at Progress... while drilling 3 wells.. bring on 5000 bopd. BAMMM !! could be done after break up.. need to move right now.. plan that 5000 bopd plant for instant expansion to 10K per day oil . the cf from 10,000 bopd at $60 is why KEL is so friggin interesting now...