RE:Two new wellsThe last couple of Princess wells have not had numbers that high. But even if they can show IP30 production of 400 , it would be a welcome addition. Any increase in cash flow that can be allocatted to drilling another well in the current year would help greatly and perhaps get the total to 5kboe/d .
Unlike solidly financed Oil companies who have changed their goals to increase shareholder returns by dividends and buybacks, PPR must use the old fashion strategy of drill as much as possible.