Northern Spirit Resources Inc. Rights V.NS

RE:earnings out...

[Method]

RockLobster1 wrote:
interested in opinions on it... i know some on here are far more knowledgeable than me on this one.

Also interested in whether this has any appeal for a buyer someday.

thanks

 

I thought the quarter was great but I'm more excited about the H2 guidance which looks to be 1225-1325 BOE/D. Plus new wells come on oilier and pricing is better than Q2. Could see north of $10m in annualized Q4 cash flow. 

I think the well they drilled in the south might be designed to book reserves as efficiently as possible which is helpful on a sale.